https://www.taxtmi.com/caselaws?id=421777 The Tribunal allowed the appeal against the disallowance of house property loss, overturning the CIT(A)'s decision. The Tribunal found the assessee's documentation sufficient to prove rental income and interest paid, while the Department failed to challenge the correctness of the rental amount or provide alternative valuation figures. Consequently, the Tribunal ruled in favor of the assessee, concluding that the CIT(A) erred in dismissing the claim and disallowing the loss. en-us Wed, 13 Apr 2022 00:00:00 +0530 Mon, 02 May 2022 08:42:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421777 The Tribunal allowed the appeal against the disallowance of house property loss, overturning the CIT(A)'s decision. The Tribunal found the assessee's documentation sufficient to prove rental income and interest paid, while the Department failed to challenge the correctness of the rental amount or provide alternative valuation figures. Consequently, the Tribunal ruled in favor of the assessee, concluding that the CIT(A) erred in dismissing the claim and disallowing the loss. Case-Laws Income Tax Wed, 13 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421777