https://www.taxtmi.com/caselaws?id=177354 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decision to delete disallowed expenses under section 24 of the Income Tax Act for additional services provided by the assessee and allowing the set off of an artificial loss incurred for maintaining the registered office of the company and complying with statutory obligations. The Tribunal emphasized that charges for extra services should be deducted from rental income and that necessary expenses for maintaining the office are allowable as business expenditure. en-us Fri, 23 Apr 2010 00:00:00 +0530 Thu, 07 Jan 2016 17:50:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177354 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decision to delete disallowed expenses under section 24 of the Income Tax Act for additional services provided by the assessee and allowing the set off of an artificial loss incurred for maintaining the registered office of the company and complying with statutory obligations. The Tribunal emphasized that charges for extra services should be deducted from rental income and that necessary expenses for maintaining the office are allowable as business expenditure. Case-Laws Income Tax Fri, 23 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177354