4 Unrealised rent

B.-Income from house property

Unrealised rent.

4. For the purposes of the Explanation below sub-section (1) of section 23, the amount of rent which the owner cannot realise shall be equal to the amount of rent payable but not paid by a tenant of the assessee and so proved to be lost and irrecoverable where,-

          (a)  the tenancy is bona fide;

          (b)  the defaulting tenant has vacated, or steps have been taken to compel him to vacate the property;

          (c)  the defaulting tenant is not in occupation of any other property of the assessee;

          (d)  the assessee has taken all reasonable steps to institute legal proceedings for the recovery of the unpaid rent or satisfies the Assessing Officer that legal proceedings would be useless.