House rent addition on notional basis u/s 23 for unrealised rent upheld when property was not vacant
March 21, 2016
Income Tax, ITAT, Judgments
In a recent judgment Chennai ITAT has upheld the addition made for notional house rent under the provisions of section 23 of the Income Tax Act, 1961, . It was held that: (a) When the assessee is the legal owner of the property; and (b) The property was …