https://www.taxtmi.com/caselaws?id=29124 The court ruled in favor of the Revenue on the first issue, determining that the expenditure incurred by the deity itself did not qualify as an annual charge under section 24(1)(iv) of the Income-tax Act, 1961. However, the court affirmed that the expenditures for the four deities mentioned in the deed constituted an annual charge and were deductible in computing income under the head 'Income from house property,' pending determination of the actual expenses by the Tribunal. Each party was ordered to bear its own costs. en-us Mon, 31 May 1982 00:00:00 +0530 Thu, 11 Mar 2010 10:23:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29124 The court ruled in favor of the Revenue on the first issue, determining that the expenditure incurred by the deity itself did not qualify as an annual charge under section 24(1)(iv) of the Income-tax Act, 1961. However, the court affirmed that the expenditures for the four deities mentioned in the deed constituted an annual charge and were deductible in computing income under the head 'Income from house property,' pending determination of the actual expenses by the Tribunal. Each party was ordered to bear its own costs. Case-Laws Income Tax Mon, 31 May 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29124