https://www.taxtmi.com/caselaws?id=274985 The ITAT Mumbai allowed the appeal concerning the addition of notional income for unsold flats under 'Income from House Property.' The ITAT considered the amendment in section 23 by the Finance Act, 2017, providing relief to Real Estate Developers, and set aside the CIT(A)'s order. Regarding the disallowance of expenses under section 14A related to exempt dividend income, the ITAT referred to relevant case laws and partly allowed the appeal based on partner's capital account balance and Rule 8D calculations, deleting the disallowance under Rule 8D(2)(ii) but confirming it under Rule 8D(2)(iii) and Rule 8D(2)(i). en-us Wed, 16 May 2018 00:00:00 +0530 Wed, 12 Sep 2018 19:44:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274985 The ITAT Mumbai allowed the appeal concerning the addition of notional income for unsold flats under 'Income from House Property.' The ITAT considered the amendment in section 23 by the Finance Act, 2017, providing relief to Real Estate Developers, and set aside the CIT(A)'s order. Regarding the disallowance of expenses under section 14A related to exempt dividend income, the ITAT referred to relevant case laws and partly allowed the appeal based on partner's capital account balance and Rule 8D calculations, deleting the disallowance under Rule 8D(2)(ii) but confirming it under Rule 8D(2)(iii) and Rule 8D(2)(i). Case-Laws Income Tax Wed, 16 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274985