https://www.taxtmi.com/caselaws?id=57124 The Explanation to Section 23(2) was construed to mean that, where a residential unit is in the owner's personal occupation, the second proviso to Section 23(1) does not apply in computing annual value. On that reading, the restriction that income from such a unit shall in no case be a loss was held not to govern self-occupied property falling within Section 23(2). The prohibition was treated as confined to property not covered by Section 23(2), so the house property loss could be set off against other income and the disallowance was incorrect. en-us Fri, 14 Sep 1979 00:00:00 +0530 Wed, 08 Dec 2010 15:24:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57124 The Explanation to Section 23(2) was construed to mean that, where a residential unit is in the owner's personal occupation, the second proviso to Section 23(1) does not apply in computing annual value. On that reading, the restriction that income from such a unit shall in no case be a loss was held not to govern self-occupied property falling within Section 23(2). The prohibition was treated as confined to property not covered by Section 23(2), so the house property loss could be set off against other income and the disallowance was incorrect. Case-Laws Income Tax Fri, 14 Sep 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57124