Friday, August 24, 2018

Vacancy allowance available if flat couldn’t be let-out due to construction defects: ITAT

IT : Where flat was not constructed as per approved plan and there were certain defects in construction, removal of which was necessary and assessee had to incur over Rs.50 lacs for alteration of said flat, letting out of said flat could not be forced upon assessee;

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000183327/vacancy-allowance-available-if-flat-couldn’t-be-let-out-due-to-construction-defects-itat.aspx

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