Revision u/s 263 - Claim of interest against rental income - ...

Case Laws Income Tax

November 20, 2023

Revision u/s 263 - Claim of interest against rental income - Proof of availing loan for acquisition or construction of property - the proviso contained in section 24(b) is not applicable to assessee who borrows the capital for the purpose of earing income by letting out the property under the head “income from house property”. Therefore, the interpretation of third proviso to 24(b) in isolation is not proper - AT

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Revision u/s 263 - Claim of interest against rental income - ...

Case Laws Income Tax

November 20, 2023

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