Notional rent not leviable if a flat is inhabitable and in a ruinous condition

Amit Balkrishna Jalan Vs ACIT (ITAT Mumbai) Another issue raised relates to confirmation of annual letting value of yashodeep flat at a municipal ratable value, when there was material filed to demonstrate that the flat was not fit for occupation and certificates from authorities were filed for evidence of the same. On this issue, the assessee’s plea that the said flat was not habitable and was in a ruinous condition was very much before the Ld.CIT(A). Ld.CIT(A) noted the plea that when the concerned house property was not in a position to be let out there cannot be any deemed notional rent ...