https://www.taxtmi.com/caselaws?id=330983 The Tribunal ruled in favor of the assessee regarding the treatment of rental income from properties leased for more than 12 years as 'Income from House Property,' allowing them to claim standard deductions. However, the disallowance of expenses against interest income and the levy of interest under sections 234A, 234B, and 234C were upheld in favor of the revenue. The claim of violation of natural justice was dismissed. The decision was pronounced on 29th June 2016. en-us Wed, 29 Jun 2016 00:00:00 +0530 Wed, 10 Aug 2016 09:54:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330983 The Tribunal ruled in favor of the assessee regarding the treatment of rental income from properties leased for more than 12 years as 'Income from House Property,' allowing them to claim standard deductions. However, the disallowance of expenses against interest income and the levy of interest under sections 234A, 234B, and 234C were upheld in favor of the revenue. The claim of violation of natural justice was dismissed. The decision was pronounced on 29th June 2016. Case-Laws Income Tax Wed, 29 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330983