19 August 2011
Dear experts pl clarify the following;
1. one of my client has let his entire house property on LEASE by receiving an huge amount more than the normal rental advance, hence the tenant is not paying any rent as per the agreement, this is being so the he is not offering any rental income from this property is this correct? pl clarify
19 August 2011
Similar matter has come up before the tribunal in case of tivoli investmentand was ruled against the assessee and the appeal against the same is pending before the bombay high court and so this being a metter of subjudice we cannot comment on the same.
see this link for this details on the same http://www.itatonline.org/info/index.php/itat-special-bench-cannot-hear-sub-judice-matters-tivoli-reference-withdrawn/
CAclubindia
