https://www.taxtmi.com/caselaws?id=19741 The High Court ruled in favor of the assessee on both issues. The income from the house property used in the partnership firm's business was exempted under section 22 of the Income-tax Act, 1961. Additionally, the deduction under section 23(2) for the property portion occupied by a bank was allowed. The Tribunal's decision was upheld, and the reference was disposed of with agreement from both judges. en-us Tue, 22 Nov 1994 00:00:00 +0530 Mon, 09 Nov 2009 13:40:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19741 The High Court ruled in favor of the assessee on both issues. The income from the house property used in the partnership firm's business was exempted under section 22 of the Income-tax Act, 1961. Additionally, the deduction under section 23(2) for the property portion occupied by a bank was allowed. The Tribunal's decision was upheld, and the reference was disposed of with agreement from both judges. Case-Laws Income Tax Tue, 22 Nov 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19741