No section 23 Addition of Notional Rent for Vacant Property

Empire Capital Pvt. Ltd. Vs ACIT (ITAT Mumbai)

The issue under consideration is whether the addition on account of notional rent in respect of vacant property is justified in law?

In the present case, the assessee was let out the property in the past and the rental income from the said property was offered to tax by the assessee under the head, ‘Income fromHouse Property’. It was during the period relevant to assessment year under appeal that the property of the assess

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