https://www.taxtmi.com/caselaws?id=12000 The High Court of CALCUTTA determined that the lessor was responsible for substantial repairs as per the lease agreement, entitling them to a deduction under section 24(1)(i)(a) of the Income-tax Act. The court upheld the assessee's entitlement to the benefit, overturning the Tribunal's decision to withdraw the deduction. The court emphasized the importance of interpreting the lease agreement and statute to establish repair responsibilities and entitlements, ultimately ruling in favor of the assessee and allowing the appeal. en-us Thu, 16 Jan 2003 00:00:00 +0530 Sun, 14 Feb 2010 12:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12000 The High Court of CALCUTTA determined that the lessor was responsible for substantial repairs as per the lease agreement, entitling them to a deduction under section 24(1)(i)(a) of the Income-tax Act. The court upheld the assessee's entitlement to the benefit, overturning the Tribunal's decision to withdraw the deduction. The court emphasized the importance of interpreting the lease agreement and statute to establish repair responsibilities and entitlements, ultimately ruling in favor of the assessee and allowing the appeal. Case-Laws Income Tax Thu, 16 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12000