https://www.taxtmi.com/caselaws?id=65090 The Tribunal dismissed the appeal by the assessee, upholding the disallowance of the deduction for commission paid to property agents in computing income from house property. It confirmed that deductions under Section 24 of the Income Tax Act are exhaustive and do not include commission expenses. The Tribunal also rejected arguments regarding diversion of income by overriding title, accounting principles, and the interpretation of Section 23(1)(a). Additionally, the alternative claim for deduction under 'Income from other sources' was dismissed, as Section 57 does not allow for such deductions. en-us Thu, 21 Apr 2005 00:00:00 +0530 Tue, 14 May 2024 12:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65090 The Tribunal dismissed the appeal by the assessee, upholding the disallowance of the deduction for commission paid to property agents in computing income from house property. It confirmed that deductions under Section 24 of the Income Tax Act are exhaustive and do not include commission expenses. The Tribunal also rejected arguments regarding diversion of income by overriding title, accounting principles, and the interpretation of Section 23(1)(a). Additionally, the alternative claim for deduction under 'Income from other sources' was dismissed, as Section 57 does not allow for such deductions. Case-Laws Income Tax Thu, 21 Apr 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65090