https://www.taxtmi.com/caselaws?id=249803 The Tribunal allowed the assessee's appeal partially, permitting the deduction of Rs. 22,09,388 as indexed cost of improvement claimed in the return of income. However, the additional indexed cost of Rs. 43,07,218 was denied. The Tribunal directed the Assessing Officer to accept the value of house property income as declared by the assessee, setting aside the higher estimates made by the AO and CIT(A). In relation to the disallowance of expenses on rental, electricity, repairs, maintenance, and office expenses, the Tribunal reduced the disallowance to 1/3 of the claimed expenses, partially allowing the appeal. en-us Mon, 14 Jul 2014 00:00:00 +0530 Thu, 24 Jul 2014 06:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249803 The Tribunal allowed the assessee's appeal partially, permitting the deduction of Rs. 22,09,388 as indexed cost of improvement claimed in the return of income. However, the additional indexed cost of Rs. 43,07,218 was denied. The Tribunal directed the Assessing Officer to accept the value of house property income as declared by the assessee, setting aside the higher estimates made by the AO and CIT(A). In relation to the disallowance of expenses on rental, electricity, repairs, maintenance, and office expenses, the Tribunal reduced the disallowance to 1/3 of the claimed expenses, partially allowing the appeal. Case-Laws Income Tax Mon, 14 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249803