https://www.taxtmi.com/caselaws?id=60563 Where service charges are separately assessed as business income, the related expenditure must be examined under the rules for business deductions, not disallowed merely because deduction under section 24 has been allowed on rental income. The assessee's tenancy agreements and returns showed rent and service charges were separately stipulated and separately realised, so the receipts were not composite rent. In the absence of material showing the expenses were fictitious, already allowed under house property income, or that the Assessing Officer's view was impermissible in law, revision under section 263 could not be sustained. The revisional order was therefore held unsustainable. en-us Fri, 02 Dec 2005 00:00:00 +0530 Wed, 05 Jan 2011 18:42:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60563 Where service charges are separately assessed as business income, the related expenditure must be examined under the rules for business deductions, not disallowed merely because deduction under section 24 has been allowed on rental income. The assessee's tenancy agreements and returns showed rent and service charges were separately stipulated and separately realised, so the receipts were not composite rent. In the absence of material showing the expenses were fictitious, already allowed under house property income, or that the Assessing Officer's view was impermissible in law, revision under section 263 could not be sustained. The revisional order was therefore held unsustainable. Case-Laws Income Tax Fri, 02 Dec 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60563