https://www.taxtmi.com/caselaws?id=19574 The court ruled in favor of the assessee on the assessment of interest income and lease rent, stating that they could not be taxed on an accrual basis. However, the deduction claim on compensation paid to a trust was rejected in favor of the Revenue. The court allowed the deduction for repair cess, finding it payable to the State Government and deductible from income from house property. en-us Mon, 20 Jan 1992 00:00:00 +0530 Sat, 07 Nov 2009 11:20:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19574 The court ruled in favor of the assessee on the assessment of interest income and lease rent, stating that they could not be taxed on an accrual basis. However, the deduction claim on compensation paid to a trust was rejected in favor of the Revenue. The court allowed the deduction for repair cess, finding it payable to the State Government and deductible from income from house property. Case-Laws Income Tax Mon, 20 Jan 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19574