https://www.taxtmi.com/caselaws?id=57387 The Appellate Tribunal ITAT Bangalore ruled in favor of the Hindu Undivided Family (HUF) in the case concerning the concession in determining the annual letting value for self-occupied property. The Tribunal held that the proviso to section 23(2) of the Income-tax Act, 1961, should be extended to HUFs, allowing the concession if any member of the joint family uses the property for their residence. The Tribunal rejected the revenue's argument that the concession is only applicable to individuals, emphasizing that the proviso should not be narrowly interpreted to exclude HUFs. en-us Fri, 06 Apr 1984 00:00:00 +0530 Thu, 09 Dec 2010 18:27:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57387 The Appellate Tribunal ITAT Bangalore ruled in favor of the Hindu Undivided Family (HUF) in the case concerning the concession in determining the annual letting value for self-occupied property. The Tribunal held that the proviso to section 23(2) of the Income-tax Act, 1961, should be extended to HUFs, allowing the concession if any member of the joint family uses the property for their residence. The Tribunal rejected the revenue's argument that the concession is only applicable to individuals, emphasizing that the proviso should not be narrowly interpreted to exclude HUFs. Case-Laws Income Tax Fri, 06 Apr 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57387