https://www.taxtmi.com/caselaws?id=24164 The court ruled in favor of the assessee, allowing the claimed loss for the assessment year 1974-75 and disallowing it for the assessment year 1975-76. The judgment emphasized the interplay between sections 22, 23, and 24 of the Income-tax Act in determining income from house property and clarified that deductions, including interest on borrowed capital, should not be restricted by the annual letting value determined under section 23. en-us Thu, 01 Jun 1989 00:00:00 +0530 Mon, 18 Jan 2010 11:17:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24164 The court ruled in favor of the assessee, allowing the claimed loss for the assessment year 1974-75 and disallowing it for the assessment year 1975-76. The judgment emphasized the interplay between sections 22, 23, and 24 of the Income-tax Act in determining income from house property and clarified that deductions, including interest on borrowed capital, should not be restricted by the annual letting value determined under section 23. Case-Laws Income Tax Thu, 01 Jun 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24164