https://www.taxtmi.com/caselaws?id=357456 The High Court upheld the assessee's position regarding the computation of income from immovable property for the assessment year 2005-2006. It ruled that only actual rent should be considered when any part of the property is vacant, based on the interpretation of the Income Tax Act, 1961. Additionally, the court determined that service charges and depreciation of the property should be treated as business income rather than income from house property. The appeal was dismissed in favor of the assessee, following precedent set by previous decisions, without any order as to costs. en-us Thu, 11 Jan 2018 00:00:00 +0530 Fri, 23 Mar 2018 07:14:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357456 The High Court upheld the assessee's position regarding the computation of income from immovable property for the assessment year 2005-2006. It ruled that only actual rent should be considered when any part of the property is vacant, based on the interpretation of the Income Tax Act, 1961. Additionally, the court determined that service charges and depreciation of the property should be treated as business income rather than income from house property. The appeal was dismissed in favor of the assessee, following precedent set by previous decisions, without any order as to costs. Case-Laws Income Tax Thu, 11 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357456