https://www.taxtmi.com/caselaws?id=254991 The Tribunal ruled in favor of the assessee in both issues raised by the revenue. The deduction claimed under section 24(1) of the IT Act for leasing immovable properties was upheld, distinguishing the case from precedents. Additionally, the treatment of loss on future and option as speculative was allowed, citing relevant laws and precedents. Similar issues for the assessment year 2009-10 were also decided in favor of the assessee, with rental income treatment and expenses disallowance being partially upheld. The appeals were dismissed on 15.10.2014. en-us Wed, 15 Oct 2014 00:00:00 +0530 Tue, 06 Jan 2015 10:12:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254991 The Tribunal ruled in favor of the assessee in both issues raised by the revenue. The deduction claimed under section 24(1) of the IT Act for leasing immovable properties was upheld, distinguishing the case from precedents. Additionally, the treatment of loss on future and option as speculative was allowed, citing relevant laws and precedents. Similar issues for the assessment year 2009-10 were also decided in favor of the assessee, with rental income treatment and expenses disallowance being partially upheld. The appeals were dismissed on 15.10.2014. Case-Laws Income Tax Wed, 15 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254991