Held that when the property which could not be let out during the year annual value would be nil. Followed Metaxide Pvt Ltd v. ITO (2018) 170 ITD 235 (Mum.)(Trib.) (dt. 13-10-2021) (AY. 2016-17).
Puruushotamdas Goenka v. ACIT (2022) BCAJ-January-P. 35 (Mum.)(Trib.)
S. 23 : Income from house property-Annual value-Vacancy allowance-Deemed rent-Property which could not be let out during the year annual value would be nil. [S. 22, 23(1)(c), 24(a)]