Rental income not received by assessee cannot be brought to tax

Surti Chemicals P. Ltd. Vs ACIT (ITAT Delhi) There is no dispute that the assessee company purchased a property in December 2008 located at 2nd and 3rd Floor in Melange The Mall at Meerut comprising of 35,580.75 sq. ft. which was already let out to Rave Entertainment Pvt. Ltd. (tenant) vide lease deed dated 19.02.2008. The said lease deed was assigned in favour of the assessee company vide assignment of lease deed executed on 12.02.2009 effective from 18.12.2008 on the same terms and conditions. The assessee submitted copy of rent chart for the financial years 2009-10 to 2012-13 (page 16 of pa...