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2014 (4) TMI 672 - AT - Income TaxNature of Income received – income from house property or income from other sources - Air-conditioning and other charges - Disallowance of property maintenance expenses – Held that:- Following SULAKSHANA SECURITIES LTD Versus INCOME TAX OFFICER [2014 (1) TMI 705 - ITAT MUMBAI] Income from air conditioning and other charges has to be assessed as income from other sources - while computing the income from other sources the assessee will be entitled for deduction of expenses u/s 57 - CIT (A), did not analyses the nature of expenditure incurred by the assessee in relation to Mafatlal Centre building, and has simply directed the AO to allow electricity charges only - Such a direction is wholly misconceived as all the necessary expenditures which are attributable to the earning of the receipts which are shown under the head “income from other sources” has to be considered under section 57(iii) – thus, the order of the CIT(A) set aside and the matter is remitted back to the AO for adjudication – Decided in favour of Assessee.
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