https://www.taxtmi.com/caselaws?id=28059 The court ruled in favor of the assessee, allowing the deduction of interest in the computation of income from house properties transferred to his wife and minor children under Sections 64(1)(iv) and (v), 24(1)(vi), and 27(i) of the Income-tax Act, 1961. Additionally, the court held that Section 52(2) could not be applied to tax the capital gains in question, citing precedents including CIT v. Rikadas Dhuraji [1976] 103 ITR 111 (Mad) and K. P. Varghese v. ITO [1981] 131 ITR 597 (SC). en-us Wed, 17 Nov 1982 00:00:00 +0530 Wed, 17 Feb 2010 17:17:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28059 The court ruled in favor of the assessee, allowing the deduction of interest in the computation of income from house properties transferred to his wife and minor children under Sections 64(1)(iv) and (v), 24(1)(vi), and 27(i) of the Income-tax Act, 1961. Additionally, the court held that Section 52(2) could not be applied to tax the capital gains in question, citing precedents including CIT v. Rikadas Dhuraji [1976] 103 ITR 111 (Mad) and K. P. Varghese v. ITO [1981] 131 ITR 597 (SC). Case-Laws Income Tax Wed, 17 Nov 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28059