https://www.taxtmi.com/caselaws?id=372282 The appeal was partly allowed, with the Tribunal upholding the disallowance of deduction of interest expenditure under Sec. 57(iii) of the Income-tax Act, 1961. However, the Tribunal allowed the deduction under Sec. 24(b) for the interest expenditure related to the residential property acquisition. The matter was directed back to the Assessing Officer for verification. en-us Wed, 11 Jul 2018 00:00:00 +0530 Thu, 20 Dec 2018 08:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372282 The appeal was partly allowed, with the Tribunal upholding the disallowance of deduction of interest expenditure under Sec. 57(iii) of the Income-tax Act, 1961. However, the Tribunal allowed the deduction under Sec. 24(b) for the interest expenditure related to the residential property acquisition. The matter was directed back to the Assessing Officer for verification. Case-Laws Income Tax Wed, 11 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372282