https://www.taxtmi.com/caselaws?id=368471 The Tribunal ruled in favor of the Co-operative Society, allowing the deduction claimed towards repairs and maintenance under section 24 of the Income Tax Act, 1961. It held that the income from letting out space on the terrace for mobile towers should be treated as income from house property, contrary to the Assessing Officer's classification as income from other sources. The Tribunal emphasized the consistent treatment of such income in previous years and directed the Assessing Officer to allow the deduction under section 24(a) of the Act. en-us Fri, 05 Oct 2018 00:00:00 +0530 Mon, 08 Oct 2018 17:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368471 The Tribunal ruled in favor of the Co-operative Society, allowing the deduction claimed towards repairs and maintenance under section 24 of the Income Tax Act, 1961. It held that the income from letting out space on the terrace for mobile towers should be treated as income from house property, contrary to the Assessing Officer's classification as income from other sources. The Tribunal emphasized the consistent treatment of such income in previous years and directed the Assessing Officer to allow the deduction under section 24(a) of the Act. Case-Laws Income Tax Fri, 05 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368471