https://www.taxtmi.com/caselaws?id=377251 The High Court ruled in favor of the Assessee on all issues, allowing ITA 210 of 2003 and dismissing the Revenue's appeals. The court held that the compensation paid to flat buyers was revenue expenditure, classified rental income as income from house property, allowed brokerage and commission expenses, foreign travel expenses, interest, and guarantee commission as business expenditure, upheld the credit of TDS on rent received from tenants, canceled the imposition of interest under Section 201(1A), permitted deduction of advertisement expenses and service charges as revenue expenses, and deemed the issue not suitable for rectification under Section 154. en-us Wed, 20 Mar 2019 00:00:00 +0530 Fri, 24 Apr 2026 10:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377251 The High Court ruled in favor of the Assessee on all issues, allowing ITA 210 of 2003 and dismissing the Revenue's appeals. The court held that the compensation paid to flat buyers was revenue expenditure, classified rental income as income from house property, allowed brokerage and commission expenses, foreign travel expenses, interest, and guarantee commission as business expenditure, upheld the credit of TDS on rent received from tenants, canceled the imposition of interest under Section 201(1A), permitted deduction of advertisement expenses and service charges as revenue expenses, and deemed the issue not suitable for rectification under Section 154. Case-Laws Income Tax Wed, 20 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377251