https://www.taxtmi.com/caselaws?id=36984 A mortgage deed securing recurring maintenance payments can create an annual charge for house-property deduction purposes even where the liability is paid monthly, because the test is whether the obligation is recurring year after year rather than paid once annually. On that basis, the charge was deductible. The clubbing provisions in sections 16(1)(c) and 16(3)(iii) of the Indian Income-tax Act, 1922 apply only where there is a settlement or disposition of property; a mortgage created merely as security for maintenance did not amount to such a settlement or disposition. Those provisions were therefore inapplicable. en-us Tue, 09 Jan 1979 00:00:00 +0530 Thu, 25 Mar 2010 16:52:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36984 A mortgage deed securing recurring maintenance payments can create an annual charge for house-property deduction purposes even where the liability is paid monthly, because the test is whether the obligation is recurring year after year rather than paid once annually. On that basis, the charge was deductible. The clubbing provisions in sections 16(1)(c) and 16(3)(iii) of the Indian Income-tax Act, 1922 apply only where there is a settlement or disposition of property; a mortgage created merely as security for maintenance did not amount to such a settlement or disposition. Those provisions were therefore inapplicable. Case-Laws Income Tax Tue, 09 Jan 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36984