Income Tax Addition on Deemed letting value not permissible when property was not let out: ITAT [Read Order]

Income - Tax - Addition - Deemed - value - permissible - property - ITAT - TAXSCAN

The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) has held that addition on deemed letting value not permissible when the property was not let out and deleted the addition. The respondent was represented by Shri P. Sajit Kumar while none appeared for the assessee. Selvaraj Shanthamani, the assessee is aggrieved by confirmation of…

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