https://www.taxtmi.com/caselaws?id=290162 A maintenance payment secured by a legal charge on an assessee's income-producing estate was not deductible under the Income-tax Act, 1922 merely because it was payable out of income. The court held that the Act's specific deduction and charging provisions for various income heads did not authorise a broader deduction based on a legal charge, nor could the recipient be treated as a joint owner of the income or the concept of real income be expanded beyond the statutory scheme. The maintenance amount therefore remained part of the taxable computation, and the claimed deduction or exemption was disallowed. en-us Mon, 12 Aug 1929 00:00:00 +0530 Fri, 11 Sep 2020 14:35:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290162 A maintenance payment secured by a legal charge on an assessee's income-producing estate was not deductible under the Income-tax Act, 1922 merely because it was payable out of income. The court held that the Act's specific deduction and charging provisions for various income heads did not authorise a broader deduction based on a legal charge, nor could the recipient be treated as a joint owner of the income or the concept of real income be expanded beyond the statutory scheme. The maintenance amount therefore remained part of the taxable computation, and the claimed deduction or exemption was disallowed. Case-Laws Income Tax Mon, 12 Aug 1929 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290162