https://www.taxtmi.com/caselaws?id=334375 The Tribunal allowed the appeal filed by the assessee, granting the deduction of Rs. 1,50,000 claimed under section 24(b) of the Income Tax Act for the assessment year 2007-08. The Tribunal held that possession of the flat was established during the relevant financial year based on evidence presented, including a certificate from the Cooperative Housing Society. As the completion certificate from government authorities was not mandated by the second proviso to section 24, the assessee was deemed entitled to the deduction, overturning the decision of the CIT(A). en-us Wed, 19 Oct 2016 00:00:00 +0530 Fri, 11 Nov 2016 11:27:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334375 The Tribunal allowed the appeal filed by the assessee, granting the deduction of Rs. 1,50,000 claimed under section 24(b) of the Income Tax Act for the assessment year 2007-08. The Tribunal held that possession of the flat was established during the relevant financial year based on evidence presented, including a certificate from the Cooperative Housing Society. As the completion certificate from government authorities was not mandated by the second proviso to section 24, the assessee was deemed entitled to the deduction, overturning the decision of the CIT(A). Case-Laws Income Tax Wed, 19 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334375