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2014 (1) TMI 705 - 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 Commissioner of Income-Tax, West Bengal I Versus Kanak Investments Private Limited. [1973 (5) TMI 15 - CALCUTTA High Court] - 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 - This aspect of allowability of expenses u/s 57 is required to be examined at the level of AO – the order set aside and the matter remitted back to AO for computation of income from other sources – Decided partly in favour of Assessee.
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