Sachin Tendulkar wins a Tax Case: ITAT allows Vacancy Allowance since He couldn’t find Tenant for Vacant Flat

Sachin Tendulkar wins a Tax Case: ITAT allows Vacancy Allowance since He couldn’t find Tenant for Vacant Flat






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The Income Tax Appellate Tribunal , Mumbai bench llowed relief to  Sachin Tendulkar and held that he is eligible for vacancy allowances under Section 23 of the Income Tax Act as he was not able to find a tenant for his vacant flat at Saphire Park.


 The Assessing Officer, while completing assessment, noted that the  property  was vacant for the whole year for the reason that the assessee could not find a suitable tenant. He therefore, made additions towards rental income.


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