https://www.taxtmi.com/caselaws?id=169183 The Tribunal upheld the CIT(A)'s decision to allow the disallowance of property tax paid in the USA, emphasizing the principle of matching income and expenditure. The Tribunal also confirmed the restriction of electricity expenses to 50% of the total claim, citing previous similar cases. The Revenue's appeals were dismissed, and the orders of the CIT(A) were upheld in both issues. en-us Fri, 05 Sep 2014 00:00:00 +0530 Mon, 06 Apr 2015 22:13:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=169183 The Tribunal upheld the CIT(A)'s decision to allow the disallowance of property tax paid in the USA, emphasizing the principle of matching income and expenditure. The Tribunal also confirmed the restriction of electricity expenses to 50% of the total claim, citing previous similar cases. The Revenue's appeals were dismissed, and the orders of the CIT(A) were upheld in both issues. Case-Laws Income Tax Fri, 05 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=169183