CONSULTING
1320 Points
Posted on 29 August 2018
Recently a news has come on House property deemed rent was considered as ZERO by master blaster cricketer. ITAT took sides of the taxpayer saying that "if concrete effort to rent out property was made and yet no tenant was found, then the taxpayer is allowed to consider the deemed notional rent as NIL".
Can this ITAT ruling become applicable to all 8 crore tax return filers?