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2016 (12) TMI 1298 - PUNJAB AND HARYANA HIGH COURTIncome from house property - Chargeability of rent which cannot be realized resultingly according to Section 23(1)(c) - annual value of any property - Held that:- Section 23(1) has three sub sections which have been set out earlier. Section 23(1)(b) and (c) would apply only to those properties which were actually let out and for which rent was actually received or receivable by the assessee. These provisions deal with the concept of real income and not notional income. Thus, the annual value of the properties like the ones in the case in hand which are more than one, owned by the assessee and which admittedly remained vacant throughout the previous year would not be assessed under Section 23(1)(c) but under Section 23(1)(a). The annual value would, therefore, be determined notionally as done in the case in hand by the Assessing Officer and concurrently upheld by the Commissioner and the Tribunal.The question of law is, therefore, answered in favour of the Revenue.
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