TMI BlogIncome from house property - deduction (Vacancy allowance) - Notably the words used in section 23(1)(c)...Income from house property - deduction (Vacancy allowance) - Notably the words used in section 23(1)(c) of the Act are “the property is let and was vacant during the whole…of the year”, which necessarily implies that the same property cannot be “let out” and yet remain “vacant” during the same assessment year. Therefore, as noted above, the reasonable construction/interpretation of section 23(1)(c) would be that if the property has been let out in any of the previous years, but the same could no..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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