https://www.taxtmi.com/caselaws?id=444619 The appellate tribunal partly allowed the appeal, addressing several issues. It upheld the CIT(A)'s determination of the annual value of properties at 7% of the cost and the treatment of the Ambey Valley property as self-occupied. However, it directed further actions regarding the addition under section 68 of the Income Tax Act. The tribunal dismissed the disallowance of interest expenditure under section 24(b) and required additional examination on certain claims, reflecting a mixed outcome for the assessee. en-us Fri, 13 Oct 2023 00:00:00 +0530 Thu, 19 Oct 2023 09:36:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444619 The appellate tribunal partly allowed the appeal, addressing several issues. It upheld the CIT(A)'s determination of the annual value of properties at 7% of the cost and the treatment of the Ambey Valley property as self-occupied. However, it directed further actions regarding the addition under section 68 of the Income Tax Act. The tribunal dismissed the disallowance of interest expenditure under section 24(b) and required additional examination on certain claims, reflecting a mixed outcome for the assessee. Case-Laws Income Tax Fri, 13 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444619