Maintenance service charges cannot be taxed as House Property Rental Income

DCIT Vs Jagatjit Industries Ltd. (ITAT Delhi) The issue under consideration is whether the maintenance service charges is charged under head income from house property along with rent? While concluding the assessment proceedings against the assessee observed that the maintenance charges received in relation to the property should be regarded as part of the composite rent for computing the income taxable under the head ‘income from house property’ and no further deduction towards repairs and maintenance expenses actually incurred should be allowed. If there is a composite agreement in respe...