https://www.taxtmi.com/caselaws?id=797478 Subletting charges paid to MIDC as a mandatory lease condition for earning rental income are deductible in computing income from house property. Where subletting is permitted only upon payment of those charges, they constitute an integral cost of earning the rental income and rental receipts must be computed on a net basis after reducing that cost. The statutory deduction under Section 24(a) does not preclude deduction of mandatory subletting charges in arriving at taxable rental income. Principles applicable to exemption notifications do not govern this computation, and prior acceptance of the claim supports consistency. en-us Fri, 14 Aug 2026 00:00:00 +0530 Sat, 22 Aug 2026 10:33:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797478 Subletting charges paid to MIDC as a mandatory lease condition for earning rental income are deductible in computing income from house property. Where subletting is permitted only upon payment of those charges, they constitute an integral cost of earning the rental income and rental receipts must be computed on a net basis after reducing that cost. The statutory deduction under Section 24(a) does not preclude deduction of mandatory subletting charges in arriving at taxable rental income. Principles applicable to exemption notifications do not govern this computation, and prior acceptance of the claim supports consistency. Case-Laws Income Tax Fri, 14 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797478