High Court Affirms ITAT: Rental Income from Furnished, Air-Conditioned Property is "Income from Other Sources" with Deductions Allowed.

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....Income received by the Assessee from letting of the premises - premises are furnished and centrally air conditioned - ITAT was correct in holding that the rental income should be treated as ‘income from other sources’ - deduction in terms of Section 57 (iii) allowed - HC....