https://www.taxtmi.com/caselaws?id=35990 The High Court of Delhi ruled in favor of the assessee, allowing the deduction of amounts paid to the Land and Development Officer against income from the property for assessment years 1962-63 to 1965-66. The court held that the payments constituted ground rent under section 24(1)(v) of the Income Tax Act, 1961, despite being labeled as damages or penalty. The judgment clarified that the payments were additional charges for using the property differently from the agreed residential purpose, akin to rent, and thus deductible. en-us Fri, 20 Feb 1981 00:00:00 +0530 Thu, 18 Mar 2010 17:08:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35990 The High Court of Delhi ruled in favor of the assessee, allowing the deduction of amounts paid to the Land and Development Officer against income from the property for assessment years 1962-63 to 1965-66. The court held that the payments constituted ground rent under section 24(1)(v) of the Income Tax Act, 1961, despite being labeled as damages or penalty. The judgment clarified that the payments were additional charges for using the property differently from the agreed residential purpose, akin to rent, and thus deductible. Case-Laws Income Tax Fri, 20 Feb 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35990