https://www.taxtmi.com/caselaws?id=9053 Delhi HC held that enhanced ground rent and interest on it were not deductible against property income for earlier years because the statutory allowance depended on ground rent attributable to the relevant year, and retrospective quantification could not revive an earlier claim. The same items were also not deductible against business income, as the revised lease created no accrued liability in the relevant accounting years. However, interest on the additional premium under the revised lease was allowed as interest on a capital charge because the lessor's rights were secured against the property. The Rs. 4,319 debit was also allowed on the material available. en-us Mon, 12 Mar 1973 00:00:00 +0530 Thu, 18 Jun 2009 19:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9053 Delhi HC held that enhanced ground rent and interest on it were not deductible against property income for earlier years because the statutory allowance depended on ground rent attributable to the relevant year, and retrospective quantification could not revive an earlier claim. The same items were also not deductible against business income, as the revised lease created no accrued liability in the relevant accounting years. However, interest on the additional premium under the revised lease was allowed as interest on a capital charge because the lessor's rights were secured against the property. The Rs. 4,319 debit was also allowed on the material available. Case-Laws Income Tax Mon, 12 Mar 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9053