AO cannot disallow expenses on his whims & fancies & needs to follow Rule of Consistency

Gopal Das Estates & Housing Pvt. Ltd. Vs DCIT (ITAT delhi) Expenses incurred for earning rental income In the Departmental appeal with reference to expenses incurred for earning rental income. The Assessing Officer sought an analytical detail of expenses incurred for earning the income from house property out of the total expenses during the year by the company. The assessee submitted that no direct or separate expenditure relatable to the income under the head ‘Income from house property’ was incurred. The Assessing Officer, however, averred that after availing statutory dedu...