https://www.taxtmi.com/caselaws?id=777951 ITAT MUMBAI - AT held receipts under a facility agreement and CAM services are taxable as "Income from Business" (not House Property) and directed the AO to compute accordingly. Deduction of municipal taxes under proviso to s.23 was restored to the AO for verification and allowance. Claims for interest (including pre-EMI) and for non-deduction of TDS were remitted to the AO for de novo adjudication after the assessee furnishes supporting material. Insurance premium paid as condition of a business loan was allowed as business expenditure. Addition to annual letting value for a related-party lease was remitted for fresh comparison; appeal allowed for statistical purposes. en-us Tue, 02 Sep 2025 00:00:00 +0530 Mon, 08 Sep 2025 13:37:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777951 ITAT MUMBAI - AT held receipts under a facility agreement and CAM services are taxable as "Income from Business" (not House Property) and directed the AO to compute accordingly. Deduction of municipal taxes under proviso to s.23 was restored to the AO for verification and allowance. Claims for interest (including pre-EMI) and for non-deduction of TDS were remitted to the AO for de novo adjudication after the assessee furnishes supporting material. Insurance premium paid as condition of a business loan was allowed as business expenditure. Addition to annual letting value for a related-party lease was remitted for fresh comparison; appeal allowed for statistical purposes. Case-Laws Income Tax Tue, 02 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777951