1979 (9) TMI 92 - AT - Income Tax

Summary

The assessee appealed for the asst. yr. 1974-75 against the AAC's decision disallowing set off of a loss of Rs. 11,839 from a house property. The Tribunal ruled in favor of the assessee, stating that the second proviso to s. 23(1) does not apply to self-occupied properties under s. 23(2), allowing the set off of the loss against other income. The appeal was allowed.