https://www.taxtmi.com/caselaws?id=344119 The tribunal ruled in favor of the appellant, directing the Assessing Officer to assess the rental income as income from house property, allowing deductions for interest, building insurance, Municipal Tax, and repair maintenance charges. The tribunal also dismissed the issue of disallowance under section 14A read with Rule 8D of Income Tax Rules as not pressed by the appellant due to the smallness of the disallowance, clarifying that the decision would not serve as a precedent for future challenges. Overall, the tribunal partly allowed all the appeals of the assessee. en-us Wed, 31 May 2017 00:00:00 +0530 Fri, 09 Jun 2017 05:35:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344119 The tribunal ruled in favor of the appellant, directing the Assessing Officer to assess the rental income as income from house property, allowing deductions for interest, building insurance, Municipal Tax, and repair maintenance charges. The tribunal also dismissed the issue of disallowance under section 14A read with Rule 8D of Income Tax Rules as not pressed by the appellant due to the smallness of the disallowance, clarifying that the decision would not serve as a precedent for future challenges. Overall, the tribunal partly allowed all the appeals of the assessee. Case-Laws Income Tax Wed, 31 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344119