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Income Tax - Highlights / Catch Notes

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Income from house property - ALV u/s 23(1) of property prior to ...

Income Tax

July 6, 2019

Income from house property - ALV u/s 23(1) of property prior to Occupancy Certificate (OC) - the property was legally not occupiable and not occupied hence the contention that without waiting for OC, the entire period during which the Assessee could have let this property, tax on notional basis should be charged is fallacious - not taxable

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