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of <h1>Supreme Court Upholds Deduction of House Tax & Water Tax for Income Tax</h1> The Supreme Court upheld the High Court of Judicature at Allahabad's decision on deducting house tax and water tax from the annual property value for ... Annual Value, House Tax The Supreme Court upheld the decision of the High Court of Judicature at Allahabad regarding the deduction of house tax and water tax from the annual value of property for income tax purposes. The appeal was dismissed with costs. (Case Citation: 1950 (5) TMI 4 - Supreme Court)
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