https://www.taxtmi.com/caselaws?id=17434 The court ruled in favor of the assessee, allowing the deduction of municipal tax paid for earlier years in computing income from house property. The court emphasized that the relevant provision of the Income-tax Act permitted such deductions for the previous years in which the taxes were paid. Drawing on precedent from the Karnataka High Court, the court upheld the Income-tax Appellate Tribunal's decision, declaring it correct. Consequently, the court answered the reference question affirmatively, favoring the assessee and denying the Revenue's claim. No costs were awarded in the judgment. en-us Thu, 26 Jun 1997 00:00:00 +0530 Tue, 22 Sep 2009 13:34:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17434 The court ruled in favor of the assessee, allowing the deduction of municipal tax paid for earlier years in computing income from house property. The court emphasized that the relevant provision of the Income-tax Act permitted such deductions for the previous years in which the taxes were paid. Drawing on precedent from the Karnataka High Court, the court upheld the Income-tax Appellate Tribunal's decision, declaring it correct. Consequently, the court answered the reference question affirmatively, favoring the assessee and denying the Revenue's claim. No costs were awarded in the judgment. Case-Laws Income Tax Thu, 26 Jun 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17434