https://www.taxtmi.com/caselaws?id=64725 The Tribunal allowed the standard deduction of Rs. 5,000 for both assessment years, deleted the addition for the perquisite value of the car, directed the Assessing Officer to allow the deduction for repairs against property income, upheld the taxability of interest income from cross-gifts except for a pre-marriage gift, and reduced the addition for household expenses to Rs. 40,000 for one year and Rs. 60,000 for the other. The appeals were partly allowed with adjustments in various aspects of the case. en-us Wed, 30 Sep 1992 00:00:00 +0530 Wed, 09 Feb 2011 15:15:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64725 The Tribunal allowed the standard deduction of Rs. 5,000 for both assessment years, deleted the addition for the perquisite value of the car, directed the Assessing Officer to allow the deduction for repairs against property income, upheld the taxability of interest income from cross-gifts except for a pre-marriage gift, and reduced the addition for household expenses to Rs. 40,000 for one year and Rs. 60,000 for the other. The appeals were partly allowed with adjustments in various aspects of the case. Case-Laws Income Tax Wed, 30 Sep 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64725