Dismissing the appeal of the revenue the Court held that ; deposit of certain compensation on monthly basis in Court in respect of one of the tenant who occupied the premises illegally , could not form basis to make addition to assessee’s rental income in respect of other tenants who are protected under Rent control Act. (AY.2003-04 to 2006-07 )
PCIT v. Seth Properties. (2019) 262 Taxman 124 (Bom.)(HC)
S. 23 : Income from house property-Annual value–Standard rent -illegal tenant – Deposit of certain compensation on monthly basis in Court, could not form basis to make addition to assessee’s rental income in respect of other tenants who are protected under Rent control Act. [S. 22, Delhi Rent Control Act.]