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Sonega Trades & Investments Private Limited Versus Income Tax Officer 2 (3) (2) , Mumbai

Deduction as Municipal Taxes and other charges u/s 24 against rental income earned - Income from interest and other income - treated as Income from Other Sources - Appellants submit that the above income is taxable as income from business e do not find any substance in assessee s appeal. The assessee could not claim any expenditure from Income from House Property outside the ambit of Section 24. The expenditure as claimed by the assessee was not covered by the statutory provisions and hence not ....... + More



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