Deemed Rental Income Ruling: ITAT Upholds Notional Rent on Multiple Houses, Even if Vacant or Under Repair

Arun Pruthi Vs ITO (ITAT Delhi) Deemed Rent is Law, Deemed Cash is Guesswork – ITAT Draws the Line- Vacant or Under Repair? ITAT Says Still Deemed Rent – But No to Ad-hoc Cash Addition In this case, Assessee, an individual, owned five immovable properties. In the return of income, he declared rental income from one property which was actually let out & claimed another property as self-occupied. A third property was used for his own business, & the income from such business activity was already offered to tax under the head “Business & Profession”. The remaining two properti...