https://www.taxtmi.com/caselaws?id=252872 The tribunal confirmed the denial of deductions under Section 24(b) and Section 80C of the Income Tax Act due to the property not being a residential property. The tribunal partly allowed the assessee's appeal by reducing the addition for unaccounted expenses on a birthday party and liquor bottles found at the residence. The addition of Rs. 22 lakhs for unaccounted cash found at the premises was deleted. Appeals for certain assessment years were dismissed, while others were partly allowed. The revenue's appeal was dismissed, and the cross-objection by the assessee was dismissed as infructuous. en-us Wed, 15 Oct 2014 00:00:00 +0530 Thu, 06 Nov 2014 05:53:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252872 The tribunal confirmed the denial of deductions under Section 24(b) and Section 80C of the Income Tax Act due to the property not being a residential property. The tribunal partly allowed the assessee's appeal by reducing the addition for unaccounted expenses on a birthday party and liquor bottles found at the residence. The addition of Rs. 22 lakhs for unaccounted cash found at the premises was deleted. Appeals for certain assessment years were dismissed, while others were partly allowed. The revenue's appeal was dismissed, and the cross-objection by the assessee was dismissed as infructuous. Case-Laws Income Tax Wed, 15 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252872