Deena Asit Mehta, Mumbai vs Dcit 4(1)(1), Mumbai on 8 April, 2022
The learned A.R. further
submitted that in another decision dated 4 September 2014, Hon'ble
Jurisdictional High Court in CIT v/s Shailaja S. Hemdev in ITA No. 576 and
578 of 2012, following the earlier decision in Tip Top Typography (supra),
held that notional interest on security deposits cannot be taken into
consideration for determining and computing the annual letting value.