https://www.taxtmi.com/caselaws?id=56916 The Tribunal allowed the appeal, determining that the expenses related to Central Dharamshala, Thakurdwara, and Veohar were deductible annual charges under Section 24(1)(iv) of the Income Tax Act, 1961. Additionally, the Tribunal found that these expenses were diverted by an overriding title as per the Compromise Decree, thereby not forming part of the assessee's income. Consequently, the assessment was to be adjusted by the Income Tax Officer in accordance with this decision. en-us Tue, 02 Aug 1983 00:00:00 +0530 Tue, 07 Dec 2010 13:26:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56916 The Tribunal allowed the appeal, determining that the expenses related to Central Dharamshala, Thakurdwara, and Veohar were deductible annual charges under Section 24(1)(iv) of the Income Tax Act, 1961. Additionally, the Tribunal found that these expenses were diverted by an overriding title as per the Compromise Decree, thereby not forming part of the assessee's income. Consequently, the assessment was to be adjusted by the Income Tax Officer in accordance with this decision. Case-Laws Income Tax Tue, 02 Aug 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56916