https://www.taxtmi.com/caselaws?id=15691 The court interpreted the second proviso to section 23(1) of the Income-tax Act, 1961, regarding the claim of loss for a new residential unit by the assessee. It clarified that the limitation in the proviso only applies to the annual value under section 23 and not to deductions under section 24. The court upheld the Tribunal's decision, ruling in favor of the assessee and emphasizing that losses from house property income computations can be allowed without restriction. en-us Thu, 01 Apr 1999 00:00:00 +0530 Thu, 27 Aug 2009 11:24:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15691 The court interpreted the second proviso to section 23(1) of the Income-tax Act, 1961, regarding the claim of loss for a new residential unit by the assessee. It clarified that the limitation in the proviso only applies to the annual value under section 23 and not to deductions under section 24. The court upheld the Tribunal's decision, ruling in favor of the assessee and emphasizing that losses from house property income computations can be allowed without restriction. Case-Laws Income Tax Thu, 01 Apr 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15691