https://www.taxtmi.com/caselaws?id=77123 The court upheld the Income-tax Appellate Tribunal's decision to allow the deduction for expenses incurred towards maintenance of houses by the respondent-assessee. The appeal challenging the deduction was dismissed, emphasizing the direct connection between interest income earned and maintenance expenses. The court clarified that as long as income is legitimate, the nature of activities undertaken by the respondent-assessee does not affect the permissibility of deductions. The contractual obligation between the respondent-assessee and its members justified the deduction for maintenance expenses, leading to the dismissal of the appeal. en-us Fri, 22 May 2009 00:00:00 +0530 Fri, 01 Feb 2013 17:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77123 The court upheld the Income-tax Appellate Tribunal's decision to allow the deduction for expenses incurred towards maintenance of houses by the respondent-assessee. The appeal challenging the deduction was dismissed, emphasizing the direct connection between interest income earned and maintenance expenses. The court clarified that as long as income is legitimate, the nature of activities undertaken by the respondent-assessee does not affect the permissibility of deductions. The contractual obligation between the respondent-assessee and its members justified the deduction for maintenance expenses, leading to the dismissal of the appeal. Case-Laws Income Tax Fri, 22 May 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77123