Court Orders AO to Segregate and Disallow Expenses Related to Rental Income from Shared Expenses Pool.

Court Orders AO to Segregate and Disallow Expenses Related to Rental Income from Shared Expenses Pool. https://www.taxtmi.com/highlights?id=66803 House property income - disallowance of expenses debited on account of earning of such rental income - the issue is restored to the file of the AO with a direction to identify the expenses pertaining to hotel and rental activity from common pool as per table 21, 22 and 25 of accounts and to make proportionate and appropriate disallowance on rental area/portion maintenance. - AT en-us Mon, 28 Nov 2022 10:49:50 +0530 Mon, 28 Nov 2022 10:49:50 +0530 TaxTMI RSS Generator Court Orders AO to Segregate and Disallow Expenses Related to Rental Income from Shared Expenses Pool. https://www.taxtmi.com/highlights?id=66803 House property income - disallowance of expenses debited on account of earning of such rental income - the issue is restored to the file of the AO with a direction to identify the expenses pertaining to hotel and rental activity from common pool as per table 21, 22 and 25 of accounts and to make proportionate and appropriate disallowance on rental area/portion maintenance. - AT Highlights Income Tax Mon, 28 Nov 2022 10:49:50 +0530 https://www.taxtmi.com/highlights?id=66803