https://www.taxtmi.com/caselaws?id=27930 Stamp duty and registration charges paid for executing a lease deed are not deductible while computing the annual letting value of house property under the Income-tax Act. The annual value under section 23 is a notional, stable figure, and deductions under section 24 are confined to those expressly enumerated by the statute. Because lease-execution s are not among the permitted deductions, allowing them would improperly make annual letting value fluctuate from year to year. The Delhi HC therefore held that such expenditure cannot be excluded in determining annual value, and the issue was decided against the assessee. en-us Thu, 08 Dec 1983 00:00:00 +0530 Wed, 17 Feb 2010 09:58:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27930 Stamp duty and registration charges paid for executing a lease deed are not deductible while computing the annual letting value of house property under the Income-tax Act. The annual value under section 23 is a notional, stable figure, and deductions under section 24 are confined to those expressly enumerated by the statute. Because lease-execution s are not among the permitted deductions, allowing them would improperly make annual letting value fluctuate from year to year. The Delhi HC therefore held that such expenditure cannot be excluded in determining annual value, and the issue was decided against the assessee. Case-Laws Income Tax Thu, 08 Dec 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27930