Whethr to consider hp demolished fr redevelopment as dlop?

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AmolM (Querist)
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06 July 2015 Client has 2 House Properties. 1 of them has been demolished for redevelopment in F.Y.2014-15. So logically no income can be derived from it in the yr concerned. Do we still have to consider it as a Deemed LOP and consider deemed rent on it?

Section 23(3) of income tax act states that in case of one HP, "no income to be considered if no income is being derived from the HP".

Further Sec 23(4) states that in case of more than one HP, remaining house properties other than the one considered as SOP, should be considered as deemed LOP.

My question is why should I consider a property as LOP when it is not in physical existence only for the time being and no income can be derived from it whatsoever?