Vacancy Allowance under the Income Tax Act, 1961

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Last updated: 24 July 2021
Quick Summary
This Income Tax Appellate Tribunal case concerns the assessment year 2013-14 and focuses on the vacancy allowance for a rented property. The Assessing Officer (AO) made an addition to the assessee's income, believing the Annual Rental Value (ARV) should be calculated as if the property was occupied for the entire year, despite periods of vacancy. The assessee argued that the property was vacant for a portion of the year, impacting the actual rental income received. The tribunal reviewed the AO's calculation of ARV and the subsequent addition made to the assessee's income.

Court :
ITAT Delhi

Brief :
This appeal by the assessee is preferred against the order of the CIT(A)-21, New Delhi dated 26.04.2017 pertaining to A.Y. 2013-14. 

Citation :
ITA No.4739/Del/2017

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1 Year PLAN
1999
(Excl. of GST ₹359)

2 Years PLAN
3499
(Excl. of GST ₹629)

BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)

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