https://www.taxtmi.com/caselaws?id=206842 A factual plea raised for the first time in a second appeal may be refused unless the interests of justice require admission and the other party is not prejudiced. Transactions settled without actual delivery are speculative transactions, and the resulting loss can be set off only within the statutory framework governing speculation business; it cannot be adjusted against house property income. For income from house property, deductions are confined to those expressly permitted by section 24, so brokerage or commission paid to secure a tenancy is not deductible. en-us Thu, 09 Dec 2010 00:00:00 +0530 Mon, 24 Nov 2025 13:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206842 A factual plea raised for the first time in a second appeal may be refused unless the interests of justice require admission and the other party is not prejudiced. Transactions settled without actual delivery are speculative transactions, and the resulting loss can be set off only within the statutory framework governing speculation business; it cannot be adjusted against house property income. For income from house property, deductions are confined to those expressly permitted by section 24, so brokerage or commission paid to secure a tenancy is not deductible. Case-Laws Income Tax Thu, 09 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206842