https://www.taxtmi.com/caselaws?id=36080 The High Court of Kerala interpreted Section 24(1)(ix) of the Income Tax Act, ruling that vacancy allowance can only be claimed if the property is vacant for a part of the year, not the entire year. The court emphasized adherence to the clear language of the provision, denying the assessee's claim for the vacancy allowance for the assessment years in question. Subsequent references for other assessment years yielded the same outcome, aligning with the revenue and rejecting the vacancy allowance claim. The court ordered no costs and communicated the judgments to the Income-tax Appellate Tribunal, Cochin Bench. en-us Tue, 05 Dec 1978 00:00:00 +0530 Fri, 19 Mar 2010 12:14:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36080 The High Court of Kerala interpreted Section 24(1)(ix) of the Income Tax Act, ruling that vacancy allowance can only be claimed if the property is vacant for a part of the year, not the entire year. The court emphasized adherence to the clear language of the provision, denying the assessee's claim for the vacancy allowance for the assessment years in question. Subsequent references for other assessment years yielded the same outcome, aligning with the revenue and rejecting the vacancy allowance claim. The court ordered no costs and communicated the judgments to the Income-tax Appellate Tribunal, Cochin Bench. Case-Laws Income Tax Tue, 05 Dec 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36080