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Income Tax - Highlights / Catch Notes

Home Highlights July 2020 Year 2020 This

Disallowance of repairs and maintenance - Disallowance made on ...


Tax Authority Denies Extra Repair Deduction; Taxpayer Eligible for Proportionate Deduction for Remaining Months Under Rental Income.

July 20, 2020

Case Laws     Income Tax     AT

Disallowance of repairs and maintenance - Disallowance made on account of repairs and maintenance by holding that assessee had already given flat deduction @30% of rental income towards repairs under head ‘income from house property’ and no further deduction is eligible to the assessee - Deduction has been given only for 5 months - assessee is entitled for proportionate deduction for the remaining period of seven months.

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