https://www.taxtmi.com/caselaws?id=57303 The Tribunal partly allowed the assessee's appeal while dismissing the Departmental appeal. The disputes over annual property value, deduction under the IT Act, addition of enhanced rent from State Bank of India, and deduction of legal/litigation expenses were resolved. The Tribunal held that the legal expenses were of revenue nature as they were incurred to protect the business interest, allowing the full deduction claimed by the assessee. en-us Mon, 27 Jan 2003 00:00:00 +0530 Wed, 20 Jun 2012 15:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57303 The Tribunal partly allowed the assessee's appeal while dismissing the Departmental appeal. The disputes over annual property value, deduction under the IT Act, addition of enhanced rent from State Bank of India, and deduction of legal/litigation expenses were resolved. The Tribunal held that the legal expenses were of revenue nature as they were incurred to protect the business interest, allowing the full deduction claimed by the assessee. Case-Laws Income Tax Mon, 27 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57303