Rent Received by Landlord under JDA
This query is : Resolved
pranab sarma
(Querist)
18 September 2021
What is the income tax treatment of rent received by landlord from the developer under JDA ? Please suggest ?
Thanks
Thanks
18 September 2021
The Income Tax Appellate Tribunal (ITAT) Mumbai, in case of Smt. Delilah Raj Mansukhani vs. CIT(A) has ruled that rent received for alternate accommodation is not eligible to tax. It relied on decision of the Co-ordinate Bench in the case of Shri Devshi Lakhamshi Dedhia vs. ACIT in ITA No.5350/Mum/2012.
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