2000 (6) TMI 9 - HC - Income Tax

Extract:
....... in section 23(1)(b). In the light of the above interpretation, notional interest cannot form part of the actual rent as contemplated by section 23(1)(b) of the Act. We once again repeat that whether such notional interest could form part of the fair rent under section 23(1)(a) is expressly left open. For the above reasons, the appeal is dismissed.