https://www.taxtmi.com/caselaws?id=245833 The Tribunal directed the Assessing Officer to reconsider various tax issues in light of the principle of mutuality, including the taxability of interest income, treatment of rest house expenses and rental income, allowance of depreciation, deduction of research and development expenses, and the impact of a constitutional amendment on the exemption of interest income and income from house property. The Tribunal allowed the appeals for both the Revenue and the assessee for statistical purposes, emphasizing the need for fresh adjudication based on previous directions and considerations for the Assessment Year 2006-07. en-us Fri, 04 Apr 2014 00:00:00 +0530 Wed, 09 Apr 2014 10:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245833 The Tribunal directed the Assessing Officer to reconsider various tax issues in light of the principle of mutuality, including the taxability of interest income, treatment of rest house expenses and rental income, allowance of depreciation, deduction of research and development expenses, and the impact of a constitutional amendment on the exemption of interest income and income from house property. The Tribunal allowed the appeals for both the Revenue and the assessee for statistical purposes, emphasizing the need for fresh adjudication based on previous directions and considerations for the Assessment Year 2006-07. Case-Laws Income Tax Fri, 04 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245833