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deemed rent

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In a key ruling, ITAT Mumbai has sent back Raheja Universal Pvt. Ltd.'s deemed rental income dispute on unsold flats for fresh evidence-based assessment, stressing objective valuation under Section 23(5) while upholding major reliefs for the prominent developer on other issues.

Raheja Universal’s Deemed Rent Dispute on Unsold Flats Sent for Fresh Calculation

In a key ruling, ITAT Mumbai has sent back Raheja Universal Pvt. Ltd.’s deemed rental income dispute on unsold flats for fresh evidence-based assessment, stressing objective valuation under Section 23(5) while upholding major reliefs for the prominent developer on other issues.