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2010 (11) TMI 379 - AT - Income TaxIncome from House Property - the assessee is ¼ share owner in property at Tilak Nagar, New Delhi for which house property income is shown at Rs. 16,480/- and 50% share in court chambers, Mumbai for which the income was shown at Rs. 6,826 - Since the assessee has offered an amount of Rs. 6,826 - In the present case the A.O. has given a finding that Rent Control Act is not applicable without referring to any particular provision or the capital of the company - It is the contention of the assessee that the property was let out in 1967 and the same rent was being allowed in the hands of the company - Since these issues require re-examination the matter is restored back to the file of the A.O. to decide accordingly Legal expenses - However, in the written submission the learned counsel submits that the fees was paid for the purpose of Customs Department at which the assessee succeeded in obtaining refund - In view of the legal principles above, the A.O. is directed to verify the purpose for which these expenses are incurred and in case the expenses are in the nature relating to the business of the assessee then the expenses are allowable under section 37(1) – Appeals are allowed for statistical purpose
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