https://www.taxtmi.com/caselaws?id=440373 The tribunal partially allowed the appeal, directing the Assessing Officer (AO) to verify the allowability of expenses claimed from income from house property and the payment of interest at higher rates to specified persons. The tribunal upheld the initiation of revision proceedings under Section 263 due to the AO's failure to adequately verify these aspects, leading to the order being deemed erroneous and prejudicial to the revenue's interest. en-us Thu, 01 Dec 2022 00:00:00 +0530 Mon, 17 Jul 2023 11:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440373 The tribunal partially allowed the appeal, directing the Assessing Officer (AO) to verify the allowability of expenses claimed from income from house property and the payment of interest at higher rates to specified persons. The tribunal upheld the initiation of revision proceedings under Section 263 due to the AO's failure to adequately verify these aspects, leading to the order being deemed erroneous and prejudicial to the revenue's interest. Case-Laws Income Tax Thu, 01 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440373