Tax tribunal bats in favour of Sachin in case related to vacant property

Under the I-T Act, if a person has more than one property, one of them may be treated as given on rent even if it is vacant

Sachin Tendulkar has got a favourable ruling from a tribunal in a case related to a dispute over taxes on one of his vacant properties.

Explaining the case, Rakesh Bhargava, director, Taxmann, said an income tax (I-T)  officer has made an addition of Rs 860,445 to Tendulkar’s total income of Rs 612 million for the financial year 2012-13. This was based on his calculation of rental income from two properties, at Sapphire Park, amounting to Rs 6 million and Treasure Park, amounting to Rs 8 million. The properties are in Pune. 

Under the I-T Act, if a person has more