ITAT allows Vacancy Allowance since Assessee couldn’t find Tenant

Advocate Akhilesh Kumar Sah Shri Sachin R. Tendulkar Vs DCIT (ITAT Mumbai): The assessee had been unable to let out the property for the captioned period, he was entitled to deduction under section 23(1)(c) for vacancy allowance In Sachin R. Tendulkar vs. DCIT [I.T.A. No. 3755/Mum/2016 (A.Y.: 2012-13), decided on 10.08.2018],  the ground raised was that the Commissioner of Income Tax (Appeals)-34, Mumbai [hereinafter referred to as the CIT (A)] erred in arriving at the deemed rental income in respect of the vacant flat situated at Sapphire Park, Balewadi, Pune @ Rs.15,000 per month and compu...