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2012 (2) TMI 532 - AT - Income TaxDeduction of maintenance charges for the purpose of computing net annual value u/s.23 - CIT (A) held that maintenance charges are eligible for deduction within the limit of 30% u/s.24 - Held that:- ITAT, Mumbai in the case of Sharmila Tagore (2004 (6) TMI 591 - ITAT MUMBAI) in the said case it is held that the maintenance charges paid by the assessee have to be deducted even determining the annual value of the property u/s.23. We, accordingly, following the decision of the co-ordinate Bench allow the grounds taken by the assessee and direct the A.O. to re-compute the income under the head ‘income from house property’. Assessee’s appeal is allowed.
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