https://www.taxtmi.com/caselaws?id=396605 Expenditure claimed against income from other sources must satisfy the statutory nexus requirement under section 57(iii), so unsupported car-related expenses may be restricted on an estimate basis and unverified professional fees require further examination. For house property income, annual value under section 23 is determined by reasonable expected let value, and where the assessee had earlier adopted a higher notional value without a valid basis to depart, that value can be retained. Deduction under section 24(a) on tower rent depends on a reasoned, material-based determination. Notional rent cannot be taxed where a property has not been handed over or is legally incapable of being let out because of subsisting restraint, so sections 22 and 23 do not operate in such cases. en-us Tue, 09 Jun 2020 00:00:00 +0530 Fri, 08 Nov 2024 11:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396605 Expenditure claimed against income from other sources must satisfy the statutory nexus requirement under section 57(iii), so unsupported car-related expenses may be restricted on an estimate basis and unverified professional fees require further examination. For house property income, annual value under section 23 is determined by reasonable expected let value, and where the assessee had earlier adopted a higher notional value without a valid basis to depart, that value can be retained. Deduction under section 24(a) on tower rent depends on a reasoned, material-based determination. Notional rent cannot be taxed where a property has not been handed over or is legally incapable of being let out because of subsisting restraint, so sections 22 and 23 do not operate in such cases. Case-Laws Income Tax Tue, 09 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396605