The Economic Times

Landlord gets tax notice about addition of Rs 7 lakh to his income as deemed rent of his five vacant apartments; he fights and wins case in ITAT Ahmedabad

The ITAT Ahmedabad ruled in favor of a landlord, striking down a Rs 7 lakh deemed rent addition for five vacant Mumbai apartments. The tribunal stated that if a property is held with the intention to rent but remains vacant despite genuine efforts, deemed rent charges are unjustified. This decision offers relief to property owners facing similar situations.