https://www.taxtmi.com/caselaws?id=180343 The court upheld the Income Tax Appellate Tribunal's decision to disallow the deduction of commission paid to property dealers from rental income. It ruled that the Income Tax Act does not expressly allow for such deductions in determining the annual letting value of the property. The court emphasized that the statutory provisions in Sections 23 and 24 do not include brokerage or commission as deductible expenses, and previous case law supported this interpretation. Therefore, the appeal was dismissed in favor of the revenue, denying the deduction claimed by the assessee. en-us Thu, 16 Jan 2014 00:00:00 +0530 Tue, 22 Mar 2016 10:00:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180343 The court upheld the Income Tax Appellate Tribunal's decision to disallow the deduction of commission paid to property dealers from rental income. It ruled that the Income Tax Act does not expressly allow for such deductions in determining the annual letting value of the property. The court emphasized that the statutory provisions in Sections 23 and 24 do not include brokerage or commission as deductible expenses, and previous case law supported this interpretation. Therefore, the appeal was dismissed in favor of the revenue, denying the deduction claimed by the assessee. Case-Laws Income Tax Thu, 16 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180343