2012 (2) TMI 532

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... held that the maintenance charges paid by the assessee have to be deducted even determining the annual value of the property u/s.23. We, accordingly, following the decision of the co-ordinate Bench allow the grounds taken by the assessee and direct the A.O. to re-compute the income under the head ‘income from house property’. Assessee’s appeal is allowed. - ITA No.5805/Mum/2010 - - - Dated:- 15 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ances of the case, the Ld. CIT (A) erred in holding that maintenance charges are eligible for deduction within the limit of 30% u/s.24 of the Income tax Act, 1961. 2. Briefly stated the facts are as under. The assessee is an individual and filed the return of income for the A.Y. 2006-07 declaring total income of ` 14,88,209/- and the assessee has declared the income from house property and clai .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... that the maintenance charges paid by the assessee have to be deducted even determining the annual value of the property u/s.23. We, accordingly, following the decision of the co-ordinate Bench allow the grounds taken by the assessee and direct the A.O. to re-compute the income under the head income from house property . 4. In the result, assessee s appeal is allowed. Order pronounced in th .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X