https://www.taxtmi.com/caselaws?id=388260 The Tribunal remanded the case to the Assessing Officer for proper verification and readjudication regarding the disallowance of interest deduction under section 24(b) on borrowed funds for a property let out. Additionally, the Tribunal directed the Assessing Officer to consider the unaddressed claim for allowance of interest under section 36(1)(iii) and setoff of business losses against other income, ensuring the assessee is given a fair opportunity of hearing. The appeal was allowed for statistical purposes only, with a reevaluation of both issues mandated. en-us Wed, 23 Oct 2019 00:00:00 +0530 Tue, 12 Nov 2019 10:32:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388260 The Tribunal remanded the case to the Assessing Officer for proper verification and readjudication regarding the disallowance of interest deduction under section 24(b) on borrowed funds for a property let out. Additionally, the Tribunal directed the Assessing Officer to consider the unaddressed claim for allowance of interest under section 36(1)(iii) and setoff of business losses against other income, ensuring the assessee is given a fair opportunity of hearing. The appeal was allowed for statistical purposes only, with a reevaluation of both issues mandated. Case-Laws Income Tax Wed, 23 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388260