https://www.taxtmi.com/caselaws?id=792744 A successor LLP cannot claim municipal or property tax paid by the erstwhile private company for the pre-conversion period, because the pre-conversion expense belongs to a different legal person; the disallowance of the amount was sustained. At the same time, the Tribunal accepted the assessee's alternative claim that income from house property remained eligible for the statutory standard deduction under section 24(a), so taxable income had to be recomputed accordingly. The appeal was therefore partly allowed on the limited house-property deduction issue. en-us Fri, 08 May 2026 00:00:00 +0530 Mon, 01 Jun 2026 17:53:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792744 A successor LLP cannot claim municipal or property tax paid by the erstwhile private company for the pre-conversion period, because the pre-conversion expense belongs to a different legal person; the disallowance of the amount was sustained. At the same time, the Tribunal accepted the assessee's alternative claim that income from house property remained eligible for the statutory standard deduction under section 24(a), so taxable income had to be recomputed accordingly. The appeal was therefore partly allowed on the limited house-property deduction issue. Case-Laws Income Tax Fri, 08 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792744