https://www.taxtmi.com/caselaws?id=346859 The ITAT partly allowed the appeal, directing the correct interest amount to be allowed on housing loans, reconsideration of expenditure disallowance based on a clear nexus with income, upholding disallowance of notional interest on loans, and directing reassessment on depreciation disallowance on furniture and fixtures for business use. The AO was instructed to reconsider certain issues based on the assessee's explanations. en-us Fri, 04 Aug 2017 00:00:00 +0530 Thu, 24 Aug 2017 07:54:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346859 The ITAT partly allowed the appeal, directing the correct interest amount to be allowed on housing loans, reconsideration of expenditure disallowance based on a clear nexus with income, upholding disallowance of notional interest on loans, and directing reassessment on depreciation disallowance on furniture and fixtures for business use. The AO was instructed to reconsider certain issues based on the assessee's explanations. Case-Laws Income Tax Fri, 04 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346859