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2014 (10) TMI 580 - HC - Income TaxScope of income from house property u/s 23(1)(a) - Whether the Tribunal was justified in holding that the notional interest income free security deposit and advance rent cannot be included in the income from property for the purpose of section 23(1)(a) – Held that:- The notional interest on security deposits cannot be taken into consideration for determining and computing the annual letting value, is to be decided against the revenue - Relying upon Commissioner of Income Tax V/s. J.K. Investors (Bombay) Ltd. [2000 (6) TMI 9 - BOMBAY High Court] – no substantial question of law arises for consideration – Decided against revenue.
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