Income from house property - Levy of deemed rent on the unsold ...

Income Tax

June 4, 2021

Income from house property - Levy of deemed rent on the unsold real estate property of the assessee who is a real estate developer - nothing stops the assessing officer from obtaining the municipal ratable value from Departmental or government machinery. Hence we direct the assessing officer to compute the valuation of deemed rent in accordance with our observation as above and take into account the Hon'ble Jurisdictional High Court decision as above. - AT

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Income from house property - Levy of deemed rent on the unsold ...

Income Tax

June 4, 2021

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