1976 (8) TMI 58

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..... f a property. The property was ready to the let out in July, 1969, but it remained vacant till the accounting year ended on 31st March, 1970. He did not shown any income in the return and the ITO also did not make any addition. 3 But the CIT under s. 263 directed the ITO to compute the income from the property. He also held that no vacancy allowance could be given since the property was not let .....

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