https://www.taxtmi.com/caselaws?id=404518 The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s decisions on all counts. The key points were the proper explanation and documentation provided by the assessee, the correct interpretation of Sections 68 and 41(1), and the proportional disallowance of expenses related to the let-out portion of the property. en-us Mon, 01 Feb 2021 00:00:00 +0530 Thu, 25 Feb 2021 09:09:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404518 The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s decisions on all counts. The key points were the proper explanation and documentation provided by the assessee, the correct interpretation of Sections 68 and 41(1), and the proportional disallowance of expenses related to the let-out portion of the property. Case-Laws Income Tax Mon, 01 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404518