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<h1>High Court Upholds Set-Off of Loss from House Property Against Other Income</h1> The High Court of Punjab and Haryana upheld the Appellate Tribunal's decision to allow the set-off of loss from house property against income from other ... Loss, Set off, House Property, Interest on Borrowed Capital The High Court of Punjab and Haryana ruled that the Appellate Tribunal was correct in allowing the set-off of loss from house property against income from other sources for the assessment years 1976-77 to 1978-79. Section 71 permits such set-off, and the confusion caused by section 23 was clarified by its omission in the 1984 amendment. The judgment favored the assessee against the Revenue.