https://www.taxtmi.com/caselaws?id=354838 The Tribunal ruled in favor of the assessee, setting aside the Commissioner's order under section 263 and allowing the appeal. The Commissioner's contention that interest on a loan paid by the assessee's husband was not allowable under section 24(b) of the Income Tax Act was rejected. The Tribunal found that the Assessing Officer had diligently assessed the income, and there was no need to invoke section 263. en-us Wed, 31 Jan 2018 00:00:00 +0530 Mon, 05 Feb 2018 09:02:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354838 The Tribunal ruled in favor of the assessee, setting aside the Commissioner's order under section 263 and allowing the appeal. The Commissioner's contention that interest on a loan paid by the assessee's husband was not allowable under section 24(b) of the Income Tax Act was rejected. The Tribunal found that the Assessing Officer had diligently assessed the income, and there was no need to invoke section 263. Case-Laws Income Tax Wed, 31 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354838