Just a moment...

Top
FeedbackReport
×

By creating an account you can:

Logo TaxTMI
>
Feedback/Report an Error
Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
TMI Blog
Home / RSS

Misinterpretation of Section 24(b) on Interest Deductions for Rental Income Upheld by CIT(A), Needs Corrective Action.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Deduction of interest from house property income (rental income) - AO restricted the deduction only for the part of the year during which the property had remained in existence - CIT(A) had erred in sustaining the order of the AO and thus misinterpreting the scope and gamut of Section 24(b) - AT....