https://www.taxtmi.com/caselaws?id=246113 The Tribunal partly allowed one appeal and set aside disallowances in another case involving issues of section 14A applicability, calculation of deemed let out value for house property income, and adhoc disallowance of expenses. It emphasized the need to assess own funds for investments, allowed challenges to calculation methods in future, and required evidence to contest adhoc disallowances. The judgment directed the AO to verify own funds availability and provided guidance for further assessments. en-us Thu, 10 Apr 2014 00:00:00 +0530 Thu, 17 Apr 2014 06:23:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246113 The Tribunal partly allowed one appeal and set aside disallowances in another case involving issues of section 14A applicability, calculation of deemed let out value for house property income, and adhoc disallowance of expenses. It emphasized the need to assess own funds for investments, allowed challenges to calculation methods in future, and required evidence to contest adhoc disallowances. The judgment directed the AO to verify own funds availability and provided guidance for further assessments. Case-Laws Income Tax Thu, 10 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246113