https://www.taxtmi.com/caselaws?id=185710 The Tribunal partly allowed the appeals of the assessee and the revenue for statistical purposes. The disallowance of loan processing charges as interest under section 24(b) was upheld. The issue of property tax deduction under section 23 was remanded back to the Assessing Officer for fresh examination and verification of evidence. Similarly, the disallowance of business loss was also directed to be reexamined by the AO in light of the expenses necessary for maintaining the company's status. en-us Wed, 07 Sep 2011 00:00:00 +0530 Wed, 24 Aug 2016 12:02:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185710 The Tribunal partly allowed the appeals of the assessee and the revenue for statistical purposes. The disallowance of loan processing charges as interest under section 24(b) was upheld. The issue of property tax deduction under section 23 was remanded back to the Assessing Officer for fresh examination and verification of evidence. Similarly, the disallowance of business loss was also directed to be reexamined by the AO in light of the expenses necessary for maintaining the company's status. Case-Laws Income Tax Wed, 07 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185710