https://www.taxtmi.com/caselaws?id=329913 The Tribunal set aside the CIT's revisionary order and allowed the appeal filed by the assessee, ruling in favor of the assessee. The Tribunal found the AO's assessment regarding house property income and the claimed loss to be in accordance with the law, referencing the Malabar Industrial Company Ltd. judgment. The Tribunal concluded that the CIT's revisionary order was not justified under the circumstances, leading to the decision to uphold the AO's assessment and disallowance of the claimed loss from the house property. en-us Thu, 30 Jun 2016 00:00:00 +0530 Mon, 11 Jul 2016 13:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329913 The Tribunal set aside the CIT's revisionary order and allowed the appeal filed by the assessee, ruling in favor of the assessee. The Tribunal found the AO's assessment regarding house property income and the claimed loss to be in accordance with the law, referencing the Malabar Industrial Company Ltd. judgment. The Tribunal concluded that the CIT's revisionary order was not justified under the circumstances, leading to the decision to uphold the AO's assessment and disallowance of the claimed loss from the house property. Case-Laws Income Tax Thu, 30 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329913