https://www.taxtmi.com/caselaws?id=330417 Interest on borrowed capital under section 24(b) for a bungalow claimed as self-occupied was not allowable because the property was not ready for self-occupation and no valid self-occupied choice had been exercised; the restricted house-property deduction therefore failed. Car-related commission expenditure was also subject to ad hoc disallowance because the assessee did not prove exclusive business use, with no log book or comparable evidence to exclude personal use. Both disallowances were sustained, and the appeal failed in full. en-us Thu, 14 Jul 2016 00:00:00 +0530 Tue, 06 Feb 2018 16:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330417 Interest on borrowed capital under section 24(b) for a bungalow claimed as self-occupied was not allowable because the property was not ready for self-occupation and no valid self-occupied choice had been exercised; the restricted house-property deduction therefore failed. Car-related commission expenditure was also subject to ad hoc disallowance because the assessee did not prove exclusive business use, with no log book or comparable evidence to exclude personal use. Both disallowances were sustained, and the appeal failed in full. Case-Laws Income Tax Thu, 14 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330417