Supreme Court of India
Commissioner of Income-tax, Lucknow v. Madho Pd. Jatia
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
What the Court ordered
For the reasons stated above,. we prefer the view taken by the Allahabad High Court in the judgment under appeal to that of the Punjab High Court in Daljit Singh's case.
Judgment, page 5
From the headnote
Indian Income Tax Act, 1922-S. 9-lrrecoverable rent-If could be deducted from income from property of only one year-Exemption-If could be f;ivm only once. While assessing the income of the assessee under the head 'property' the Income Tax Authorities allowed for one year, deduction of a part of a large sum of unrealised rent but rejected the claim for exclusion of the remainder during the three subsequent assessment years. Before the Tribunal the authorities contended that no. deduction could be claimed by the assessee for more than one assessment year. The Tribunal held that to the extent
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