https://www.taxtmi.com/caselaws?id=3004 The court held that stamp duty and registration charges cannot be deducted from the annual letting value under section 23(1)(b) of the Income-tax Act, 1961. The court emphasized that the term "actual" rent refers to the total rent before deductions, not the net amount received after expenses. It clarified that deductions, including stamp duty and registration charges, are governed by section 24, not section 23(1)(b). Therefore, the assessee's claim for deduction of such expenses was disallowed, affirming that only the total rent received or receivable should be considered for computing the annual value. en-us Tue, 15 May 2007 00:00:00 +0530 Wed, 30 Jul 2008 11:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3004 The court held that stamp duty and registration charges cannot be deducted from the annual letting value under section 23(1)(b) of the Income-tax Act, 1961. The court emphasized that the term "actual" rent refers to the total rent before deductions, not the net amount received after expenses. It clarified that deductions, including stamp duty and registration charges, are governed by section 24, not section 23(1)(b). Therefore, the assessee's claim for deduction of such expenses was disallowed, affirming that only the total rent received or receivable should be considered for computing the annual value. Case-Laws Income Tax Tue, 15 May 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3004