https://www.taxtmi.com/caselaws?id=70355 The Tribunal ruled in favor of the assessee, a partnership firm, in a case concerning the computation of income from property under section 22 of the Income-tax Act, 1961. The dispute arose from the treatment of deductions under sections 23 and 24. The Tribunal held that while deductions under section 23 cannot result in a loss figure, deductions under section 24 are not limited in this regard, allowing for losses to be considered. The decision provides clarity on the distinction between these sections and ensures a fair computation of income from house property for taxpayers. en-us Sat, 20 Aug 1983 00:00:00 +0530 Fri, 15 Apr 2011 17:21:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70355 The Tribunal ruled in favor of the assessee, a partnership firm, in a case concerning the computation of income from property under section 22 of the Income-tax Act, 1961. The dispute arose from the treatment of deductions under sections 23 and 24. The Tribunal held that while deductions under section 23 cannot result in a loss figure, deductions under section 24 are not limited in this regard, allowing for losses to be considered. The decision provides clarity on the distinction between these sections and ensures a fair computation of income from house property for taxpayers. Case-Laws Income Tax Sat, 20 Aug 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70355