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Tax on assumption income

(Querist) 03 September 2010 This query is : Resolved 
Hi,
I owned a landlord type rental property which was demolished and new building was built in its place by MHADA.The previous area of single premise was 650 sq.Feet.The new allotted property was three flats totaling 700 sq.feet.No one was kept on rent in the premises.On sale of the property the Income Tax department is claiming tax on assumed/deemed rental income of the other two flats other than the self occupied premise(SOP).What do I do ?
Report Abuse
s.subramanian (Expert) 03 September 2010
Go to the CA club immediately with your query.
Dario Dias (Querist) 05 September 2010
Any info about a court case against deemed rental in which the ruling was in the favour of the complainant?

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