2000 (11) TMI 41

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....o questions have been referred to this court at the instance of the Revenue, (1) As to whether with regard to the second proviso to section 23(1) of the Income-tax Act, 1961, the Appellate Tribunal was justified in allowing the claim of the assessee in respect of new residential units, and (2) As to whether, on the facts and in the circumstances of the case, the Appellate Tribunal was justified in....

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....econd proviso to section 23(1) of the Income-tax Act, 1961. The Assessing Officer did not accept the assessee's computations, which necessitated the assessee to prefer an appeal. The appellate authority while confirming the view of the Income-tax Officer, but, however, allowed the deduction of the part of the interest against the assessee's income from self-occupied property. As against the sam....