https://www.taxtmi.com/caselaws?id=37038 The court ruled in favor of the assessee, allowing the reduction of annual value for self-occupation to each co-owner separately under sections 23(2) and 26 of the Income Tax Act, 1961. The court emphasized the distinct scopes of these provisions and concluded that the Explanation added to section 26 clarified the ambiguity, supporting the assessee's interpretation. The judgment clarified the application of the provisions and highlighted the legislative intent behind them. en-us Tue, 13 Nov 1979 00:00:00 +0530 Fri, 26 Mar 2010 11:06:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37038 The court ruled in favor of the assessee, allowing the reduction of annual value for self-occupation to each co-owner separately under sections 23(2) and 26 of the Income Tax Act, 1961. The court emphasized the distinct scopes of these provisions and concluded that the Explanation added to section 26 clarified the ambiguity, supporting the assessee's interpretation. The judgment clarified the application of the provisions and highlighted the legislative intent behind them. Case-Laws Income Tax Tue, 13 Nov 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37038