1989 (2) TMI 96 - HC - Income Tax

Summary

The High Court of Punjab and Haryana ruled in favor of the assessee regarding the set off of loss from a house property against income from other sources. The court held that the second proviso to section 23(1) of the Income-tax Act does not apply in computing the annual value of a self-occupied house. The judgment was delivered by S. S. Sodhi and Gokul Chand Mithal.