The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) has held that notional rent cannot be applied to determine house property income towards an old non-habitable house which is not capable to let out. The assessee inherited a house from his mother. The Assessing Officer demanded tax from the property under the head “income […]
The post An Old, Non-Habitable House can’t be subject to Tax on Notional Rent basis: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
from Taxscan | Simplifying Tax Laws http://bit.ly/2Fk8o94
No comments:
Post a Comment