https://www.taxtmi.com/caselaws?id=254451 The ITAT upheld the CIT(A)'s decisions in dismissing the Revenue's appeals. The Tribunal emphasized consistency in tax treatment, maintaining rental income as income from house property due to the property being held as an investment. The partial allowance of expenses under Section 57(iii) was deemed reasonable and justified, with Rs. 1,20,000 allowed as deductible expenses. The decisions were pronounced on 12th December 2014. en-us Fri, 12 Dec 2014 00:00:00 +0530 Tue, 23 Dec 2014 08:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254451 The ITAT upheld the CIT(A)'s decisions in dismissing the Revenue's appeals. The Tribunal emphasized consistency in tax treatment, maintaining rental income as income from house property due to the property being held as an investment. The partial allowance of expenses under Section 57(iii) was deemed reasonable and justified, with Rs. 1,20,000 allowed as deductible expenses. The decisions were pronounced on 12th December 2014. Case-Laws Income Tax Fri, 12 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254451