Misinterpretation of Section 24(b) on Interest Deductions for Rental Income Upheld by CIT(A), Needs Corrective Action.

Deduction of interest from house property income (rental income) - AO restricted the deduction only for the part of the year during which the property had remained in existence - CIT(A) had erred in sustaining the order of the AO and thus misinterpreting the scope and gamut of Section 24(b) - AT .....

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