1984 (8) TMI 57 - HC - Income Tax

Summary

The High Court of Andhra Pradesh ruled in favor of the assessee, allowing a deduction of Rs. 1,200 per annum for each residential unit let out for commercial purposes. The court held that the benefit under the Income-tax Act is based on the construction of residential units, not on the subsequent use by the tenant. The judgment was delivered by Judges G. Ramanujulu Naidu and A. Raghuvir.