Notional rent cannot be taxed under Other Sources without evidence, and disallowances must be restricted or deleted.
Notional rent cannot be taxed under Other Sources without evidence, and disallowances must be restricted or deleted. Issue Whether notional rent from a sister concern can be taxed under “Income from Other Sources” without evidence of actual receipt or entitlement. Whether building expenses attributable to a sister concern can be disallowed when income is assessable… Read More »