ALV of property to be taken as nil if property couldn’t be let out & remained vacant whole year: ITAT

IT : Though term 'Property is let' used in section 23(1)(c) is solely with intent to avoid misuse of determination of 'annual value' of self occupied properties by assessee by taking recourse to section 23(1)(c), however, same cannot be stretched beyond that and 'annual value' of a property which is let, but thereafter remains vacant for whole year under consideration, though subject to condition that same is not put under self occupation of assessee and is held for purpose of letting out of sam

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