S. 24 : Income from house property-Deductions-Rental income from property in America Property tax-Deduction allowable. [S. 22]

S. 24 : Income from house property-Deductions-Property tax and interest on loan-Mortgage interest statement-Allowable as deduction-Cash credits-Matter remanded. [S. 23,24(b), 68]

S. 22 : Income from house property-Notional addition of rental income by making an adhoc increase of 10% over and above value assessed in previous year is without any basis-Addition is deleted. [S. 23, 24]

S. 14A : Disallowance of expenditure-Exempt income-Interest expenditure-Balance-Sheet of assessee showing assessee’s own funds available in excess of investments-Interest cannot be disallowed. [R.8D (2)(iii)]

S. 14A : Disallowance of expenditure-Exempt income-Interest expenditure-Sufficient own funds-Disallowance is not valid-Direction to consider only those investments upon which exempt income earned-Held to be proper. [R.8D]

S.14A : Disallowance of expenditure-Exempt income-No exempt income during year-No disallowance can be made. [R. 8D]

S.14A : Disallowance of expenditure-Exempt income-Disallowing more than 50 Per Cent. of total expenditure claimed-No further disallowance called for-Deletion of disallowance while computing book profits is held to be proper. [S. 115JB, R.8D]

S. 14A : Disallowance of expenditure-Exempt income-Reserves and surplus funds more than investments-Presumption that such investment was made from interest-free funds available with assessee-No interest disallowance warranted. [R. 8D]

S. 14A: Disallowance of expenditure-exempt income-Interest-Not earning any exempt income during year-No disallowance of interest [R. 8D]

S. 14A : Disallowance of expenditure-Exempt income-Investments made from own funds-No disallowance to be made [R. 8D]