Unrealized Rent income cannot be taxed even if TDS is deducted on accrual basis

Page ContentsVishwaroop Infotech Pvt. Ltd. Vs ACIT (ITAT Mumbai)Assessing Officer’s Stance and Rule 4ITAT’s Ruling on Unrealized RentITAT’s View on Section 14A Disallowance Vishwaroop Infotech Pvt. Ltd. Vs ACIT (ITAT Mumbai) Income Tax Appellate Tribunal (ITAT) Mumbai has partially allowed an appeal filed by Vishwaroop Infotech Pvt. Ltd. concerning disallowances related to unrealized rental income and expenses claimed against exempt income for Assessment Year 2012-13. The case, Vishwaroop Infotech Pvt. Ltd. Vs ACIT, centered on two primary disputes: the taxability of rent not...