https://www.taxtmi.com/caselaws?id=233815 The Tribunal allowed the appeal partially, emphasizing the deduction of prepayment charges for loan closure under Income from house property. It ruled that prepayment charges are linked to the loan obtained for property acquisition, making them deductible under Section 24(b) of the Income-tax Act, 1961. The issues regarding property tax deduction and disallowance of expenses were not pursued by the appellant and were dismissed by the Tribunal. en-us Fri, 22 Mar 2013 00:00:00 +0530 Thu, 16 May 2013 12:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233815 The Tribunal allowed the appeal partially, emphasizing the deduction of prepayment charges for loan closure under Income from house property. It ruled that prepayment charges are linked to the loan obtained for property acquisition, making them deductible under Section 24(b) of the Income-tax Act, 1961. The issues regarding property tax deduction and disallowance of expenses were not pursued by the appellant and were dismissed by the Tribunal. Case-Laws Income Tax Fri, 22 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233815