Relief to Priya Gurnani, Moraj Group Director: ITAT allows Standard Deduction u/s 24(a) of Income Tax Act on Annual Value of Property [Read Order]
In a major relief to Director of Moraj Group, Priya M Gurnani, the ITAT Mumbai Bench allowed Standard Deduction u/s 24(a) of Income Tax Act on Annual Value of Let-Out Property
By Manu Sharma - On December 25, 2023 12:03 pm - 3 mins read
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) held that 30% standard deduction is allowable on annual let out value of house property owned by Moraj Group Co-Founder Priya Mohan Gurnani. A batch of seven appeals were filed by the assessee Ms Priya Mohan Gurnani [Assessee/ Appellant], Director and Co-Founder of Moraj Group…
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