1981 (12) TMI 58 - AT - Income Tax

Summary

The ITAT Chandigarh allowed the assessee's appeal regarding relief under section 23(1) for residential units let out for non-residential use. The ITO's denial of deduction for flats let out for commercial purposes was overturned, as there was no specific prohibition in the law for non-residential use. The Tribunal directed that necessary relief be allowed to the assessee for all constructed flats. The Andhra Pradesh High Court judgment cited by the revenue was deemed not applicable to the issue.