![Failure to Examine Notional Rent on Unsold Flats u/s  23(5): ITAT Upholds PCIT’s Revision u/s 263 [Read Order]](https://images.taxscan.in/h-upload/2025/07/28/500x300_2070103-failure-to-examine-notional-rent-on-unsold-flats-notional-rent-on-unsold-flats-taxscan.webp "Failure to Examine Notional Rent on Unsold Flats u/s  23(5): ITAT Upholds PCIT’s Revision u/s 263 [Read Order]")
Failure to Examine Notional Rent on Unsold Flats u/s  23(5): ITAT Upholds PCIT’s Revision u/s 263 [Read Order]
The Surat Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the Principal Commissioner of Income Tax (PCIT)’s revisionary order under...
![Common Area Maintenance Charges Not Taxable as Rental Income: ITAT Deletes ₹17.08 Lakh Addition [Read Order]](https://images.taxscan.in/h-upload/2025/07/11/250x150_2062636-common-area-maintenance-charges-maintenance-charges-maintenance-charges-not-taxable-taxscan.webp "Common Area Maintenance Charges Not Taxable as Rental Income: ITAT Deletes ₹17.08 Lakh Addition [Read Order]")
![Rental Income Not Taxed: Taxpayer Claims to Be Mere Rent Collector, ITAT Permits Fresh Hearing Conditionally [Read Order]](https://images.taxscan.in/h-upload/2025/06/29/250x150_2056221-rental-income-taxed-taxpayer-rent-collector-itat-taxscan.webp "Rental Income Not Taxed: Taxpayer Claims to Be Mere Rent Collector, ITAT Permits Fresh Hearing Conditionally [Read Order]")
Budget 2024: FM's Proposal Requires Residential House Rentals to Be Reported as House Property Income, Not PGBP [Read Bill]
The Finance Minister, in the budget presentation, proposed to make an amendment in Section 28 of the income tax act, 1961. The proposal required the residential house rentals to be reported as the...
Deemed Rental Income applicable to Self Occupied Properties u/s 23 (4) of Income Tax Act: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT) observed that deemed rental income applicable to self-occupied properties under Section 23 (4) of Income Tax Act, 1961. The assessee...
![Deemed Rental Income applicable to Self Occupied Properties u/s 23 (4) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Deemed-Rental-Income-Properties-us-23-4-of-Income-Tax-Act-ITAT-TAXSCAN.jpg "Deemed Rental Income applicable to Self Occupied Properties u/s 23 (4) of Income Tax Act: ITAT [Read Order]")
Rental Income Shall be treated as Income from House Property, not Income from Other Sources: ITAT grants Relief to Piramal Enterprises [Read Order]
In a recent decision, the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) granted Piramal Enterprises relief by ruling that rental income from RP House should be treated as income from house...
![Rental Income Shall be treated as Income from House Property, not Income from Other Sources: ITAT grants Relief to Piramal Enterprises [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Rental-Income-Income-from-House-Property-House-Property-ITAT-Piramal-Enterprises-taxscan.jpg "Rental Income Shall be treated as Income from House Property, not Income from Other Sources: ITAT grants Relief to Piramal Enterprises [Read Order]")
Rental Income received from letting out property is taxable under head “Income from House Property": ITAT allows deduction u/s 24(a) of Income Tax Act [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench held that rental income received from letting out property is taxable under the head "Income from house property." Therefore, the bench allowed a...
![Rental Income received from letting out property is taxable under head “Income from House Property: ITAT allows deduction u/s 24(a) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Rental-Income-received-from-letting-out-property-is-taxable-Income-from-House-Property-ITAT-allows-deduction-Income-Tax-Act-TAXSCAN.jpg "Rental Income received from letting out property is taxable under head “Income from House Property: ITAT allows deduction u/s 24(a) of Income Tax Act [Read Order]")
Rental Income earned from Lease of building taxable under the head “Income from Business and Profession": ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench held that rental income earned from the lease of a building would be taxable under the head "Income from Business and Profession." The tribunal...
![Rental Income earned from Lease of building taxable under the head “Income from Business and Profession: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Rental-Income-earned-from-Lease-building-taxable-Income-from-Business-and-Profession-ITAT-Income-Tax-Act-Income-Tax-TAXSCAN.jpg "Rental Income earned from Lease of building taxable under the head “Income from Business and Profession: ITAT [Read Order]")