https://www.taxtmi.com/caselaws?id=444037 The Tribunal allowed the assessee's appeal, directing the Assessing Officer to allow the interest on borrowed capital for a housing loan and exclude notional interest on an interest-free security deposit from the computation of income from house property. The Tribunal found sufficient evidence supporting the interest deduction claim for the housing loan and relied on previous court decisions to reject the addition of notional interest on the security deposit. The Tribunal did not address the issue of income enhancement without a show cause notice in the detailed judgment provided. en-us Mon, 25 Sep 2023 00:00:00 +0530 Thu, 05 Oct 2023 18:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444037 The Tribunal allowed the assessee's appeal, directing the Assessing Officer to allow the interest on borrowed capital for a housing loan and exclude notional interest on an interest-free security deposit from the computation of income from house property. The Tribunal found sufficient evidence supporting the interest deduction claim for the housing loan and relied on previous court decisions to reject the addition of notional interest on the security deposit. The Tribunal did not address the issue of income enhancement without a show cause notice in the detailed judgment provided. Case-Laws Income Tax Mon, 25 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444037