https://www.taxtmi.com/caselaws?id=21605 The High Court of Orissa ruled in favor of the Trust Estate (referred to as "the assessee") in a case concerning the computation of income from property and deductions for repairs and statutory allowances under the Income-tax Act, 1961 for the assessment years 1981-82 and 1982-83. The Court held that statutory deductions under section 24 should be considered before deducting expenses for earning rental income. The decision favored the assessee over the Revenue, with costs not awarded. Judges S. K. Mohanty and Arijit Pasayat concurred on the judgment. en-us Wed, 12 Feb 1992 00:00:00 +0530 Wed, 25 Nov 2009 17:22:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21605 The High Court of Orissa ruled in favor of the Trust Estate (referred to as "the assessee") in a case concerning the computation of income from property and deductions for repairs and statutory allowances under the Income-tax Act, 1961 for the assessment years 1981-82 and 1982-83. The Court held that statutory deductions under section 24 should be considered before deducting expenses for earning rental income. The decision favored the assessee over the Revenue, with costs not awarded. Judges S. K. Mohanty and Arijit Pasayat concurred on the judgment. Case-Laws Income Tax Wed, 12 Feb 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21605