https://www.taxtmi.com/caselaws?id=70005 Accrued interest on National Savings Certificates (V Issue) was treated as taxable because the exemption under section 10(15)(ii) depended on the statutory scheme and notification in the Official Gazette; the governing rules also stated that such interest would be liable to tax under the Income-tax Act. Relief under section 23(1)(c) was confined to residential houses, so it was unavailable where the rebuilt property consisted of shops. The provision was applied strictly, and the assessee's claims on both issues were rejected. en-us Mon, 14 Jan 1991 00:00:00 +0530 Mon, 13 Jun 2011 17:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70005 Accrued interest on National Savings Certificates (V Issue) was treated as taxable because the exemption under section 10(15)(ii) depended on the statutory scheme and notification in the Official Gazette; the governing rules also stated that such interest would be liable to tax under the Income-tax Act. Relief under section 23(1)(c) was confined to residential houses, so it was unavailable where the rebuilt property consisted of shops. The provision was applied strictly, and the assessee's claims on both issues were rejected. Case-Laws Income Tax Mon, 14 Jan 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70005