https://www.taxtmi.com/caselaws?id=798888 For assessment limitation under section 153, the relevant date is when the order is made or passed, not its dispatch, communication or receipt, unless material proves it was made later. Differences between rental income in Form 26AS and the books require reconciliation of lease terms, accounting recognition, tax deduction timing and prior or subsequent years before any addition is made. Interest on a refinancing borrowing may qualify for deduction under section 24(b) where it exclusively repays an original property acquisition or construction loan and a direct borrowing nexus is verified. An alternative business-interest claim may require consideration where applicable. en-us Thu, 27 Aug 2026 00:00:00 +0530 Mon, 14 Sep 2026 08:32:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798888 For assessment limitation under section 153, the relevant date is when the order is made or passed, not its dispatch, communication or receipt, unless material proves it was made later. Differences between rental income in Form 26AS and the books require reconciliation of lease terms, accounting recognition, tax deduction timing and prior or subsequent years before any addition is made. Interest on a refinancing borrowing may qualify for deduction under section 24(b) where it exclusively repays an original property acquisition or construction loan and a direct borrowing nexus is verified. An alternative business-interest claim may require consideration where applicable. Case-Laws Income Tax Thu, 27 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798888