https://www.taxtmi.com/caselaws?id=20810 The High Court held that commission paid to a broker for letting out a property is an admissible deduction as collection charges under section 24(1)(viii) of the Income-tax Act, 1961. The court emphasized that as long as the expenditure is within the statutory limit of six per cent of the annual value of the property, it should be allowed, regardless of the nature of the expense. The deduction of the brokerage amount was permitted in this case, and the court ruled in favor of the assessee, affirming that such expenses are eligible for deduction under the specified provision. en-us Wed, 12 Sep 1990 00:00:00 +0530 Tue, 17 Nov 2009 13:09:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20810 The High Court held that commission paid to a broker for letting out a property is an admissible deduction as collection charges under section 24(1)(viii) of the Income-tax Act, 1961. The court emphasized that as long as the expenditure is within the statutory limit of six per cent of the annual value of the property, it should be allowed, regardless of the nature of the expense. The deduction of the brokerage amount was permitted in this case, and the court ruled in favor of the assessee, affirming that such expenses are eligible for deduction under the specified provision. Case-Laws Income Tax Wed, 12 Sep 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20810