No real Rental Income received from litigation filed for recovery of arrears of Rent: ITAT deletes addition made on account notional Rental Income [Read Order]

By Aparna. M - On October 2, 2023 4:00 pm - 2 mins read

real Rental Income received from litigation filed - Income received from litigation filed - real Rental Income - recovery of arrears of Rent - ITAT deletes addition - notional Rental Income - taxscan

The Income Tax Appellate Tribunal (ITAT) Delhi bench while deleting the addition made on account of notional Rental Income, observed that no real rental income received from litigation filed for recovery of arrears of the rent. Assessee, JAH Developers Pvt. Ltd. leased a hotel Jaisal Villa along with all furniture, fixture and fittings for three…

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