corporate and professional updates 29th aug 2018
Direct Tax : Mumbai ITAT grants vacancy allowance u/s 23(1)(c) to Saif Ali Khan Pataudi (‘assessee’) in respect of his Bandra flats that could not be let out during AY 2012-13; Notes that assessee had offered Rs.11.83 lakh as taxable rent, however, Revenue had substituted a sum of Rs. 50 lakh as reasonable rent for the property, accepts …