https://www.taxtmi.com/caselaws?id=37293 The court ruled in favor of the assessee, affirming the entitlement of co-owners in jointly held property to the self-occupation allowance under section 23(2) of the Income-tax Act, 1961. The court emphasized a liberal interpretation of the provision, rejecting the argument that the relief should not extend to co-owners. It upheld the decisions of the Appellate Assistant Commissioner and Tribunal, stating that the allowance should be proportionate to each co-owner's share in the property, ultimately resulting in a favorable outcome for the assessee. en-us Fri, 09 Feb 1979 00:00:00 +0530 Sat, 27 Mar 2010 18:34:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37293 The court ruled in favor of the assessee, affirming the entitlement of co-owners in jointly held property to the self-occupation allowance under section 23(2) of the Income-tax Act, 1961. The court emphasized a liberal interpretation of the provision, rejecting the argument that the relief should not extend to co-owners. It upheld the decisions of the Appellate Assistant Commissioner and Tribunal, stating that the allowance should be proportionate to each co-owner's share in the property, ultimately resulting in a favorable outcome for the assessee. Case-Laws Income Tax Fri, 09 Feb 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37293