https://www.taxtmi.com/caselaws?id=470800 Subsequently realised unrealised rent taxable as income from house property under section 25AA remains subject to the applicable computation provisions. Property tax borne and paid by the owner during the relevant year is deductible, irrespective of whether the receipt represents regular rent or unrealised rent realised later. Service tax mandatorily paid by the owner but not recovered from the licensee reduces the unrealised rent ultimately realised, where the related rental income had already been offered to tax. Characterising the settlement as a package arrangement does not defeat that reduction. Taxable income comprises only the balance after giving effect to owner-paid property tax and unrecovered service tax. en-us Thu, 31 Mar 2022 00:00:00 +0530 Mon, 10 Aug 2026 12:48:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470800 Subsequently realised unrealised rent taxable as income from house property under section 25AA remains subject to the applicable computation provisions. Property tax borne and paid by the owner during the relevant year is deductible, irrespective of whether the receipt represents regular rent or unrealised rent realised later. Service tax mandatorily paid by the owner but not recovered from the licensee reduces the unrealised rent ultimately realised, where the related rental income had already been offered to tax. Characterising the settlement as a package arrangement does not defeat that reduction. Taxable income comprises only the balance after giving effect to owner-paid property tax and unrecovered service tax. Case-Laws Income Tax Thu, 31 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470800