https://www.taxtmi.com/caselaws?id=71737 The Tribunal held that, for a newly constructed property under the second proviso to section 23(1), the house property computation can be reduced only up to nil and cannot be converted into a negative loss figure. Because the provision was capable of more than one view, the issue could not be treated as a mistake apparent from the record for section 154 rectification. The rectification order was therefore unsustainable, and cancellation of the section 154 order in favour of the assessee was upheld. en-us Wed, 21 May 1980 00:00:00 +0530 Tue, 26 Apr 2011 17:51:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71737 The Tribunal held that, for a newly constructed property under the second proviso to section 23(1), the house property computation can be reduced only up to nil and cannot be converted into a negative loss figure. Because the provision was capable of more than one view, the issue could not be treated as a mistake apparent from the record for section 154 rectification. The rectification order was therefore unsustainable, and cancellation of the section 154 order in favour of the assessee was upheld. Case-Laws Income Tax Wed, 21 May 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71737