https://www.taxtmi.com/caselaws?id=117706 Mesne profits awarded for wrongful occupation are taxable income, and they accrue only when the amount becomes certain and is judicially quantified; on these facts, accrual was linked to the decree making the award rule of court. Deduction for payment to a related property entity was not allowable against house property income because the statutory deductions under section 24 are exhaustive. Notional interest on arrears of rent could not be added without proof of an agreed liability, so the matter required verification of the lease terms. For a leased property sub-let by the tenant, annual value could not be replaced by the higher sub-lease rent received by the tenant absent any finding of sham or tax avoidance. en-us Thu, 13 Jan 2005 00:00:00 +0530 Sun, 20 Jan 2013 20:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117706 Mesne profits awarded for wrongful occupation are taxable income, and they accrue only when the amount becomes certain and is judicially quantified; on these facts, accrual was linked to the decree making the award rule of court. Deduction for payment to a related property entity was not allowable against house property income because the statutory deductions under section 24 are exhaustive. Notional interest on arrears of rent could not be added without proof of an agreed liability, so the matter required verification of the lease terms. For a leased property sub-let by the tenant, annual value could not be replaced by the higher sub-lease rent received by the tenant absent any finding of sham or tax avoidance. Case-Laws Income Tax Thu, 13 Jan 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117706