1988 (1) TMI 4 - HC - Income Tax

Summary

The High Court of Madhya Pradesh ruled in favor of the Revenue, disallowing deductions claimed by the assessee for repairs on premises let out, based on the terms of the lease agreement. The Tribunal's decision to allow the deductions was overturned. The question was answered in the affirmative for assessment years 1971-72, 1972-73, 1973-74, and 1976-77.