Tag Archives: Ace Associates

No Section 23(5), 69, or 68 Additions Allowed Without Completion Proof or Real Cash Credits

By | October 21, 2026

No Section 23(5), 69, or 68 Additions Allowed Without Completion Proof or Real Cash Credits Issue Section 23(5) (Notional Rent on Vacant Unit): Whether notional rent under Section 23(5) can be added to house property income for a vacant commercial unit held as stock-in-trade when the unit is incomplete, undergoing modification, and not lawfully occupiable… Read More »