Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2015 (6) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2015 (6) TMI 1073 - AT - Income TaxCarry forward losses u/s.71B - income computed under the head "Income from House Property” - Held that:- CIT(A) has directed the AO to allow carry forward losses under the head income from house property u/s.71B of the Income Tax Act to be set off against the income under the same head. As the facts during the year under consideration are pari materia with the case law relied on by the ld. AR in case of Aryabhata Properties Limited (2013 (7) TMI 1036 - ITAT MUMBAI ), we do not find any infirmity in the order of CIT(A) for computing losses under the head income from house property and allowing the said loss to be carried forward u/s.71B of the I.T.Act, so far as it pertains to the interest expenditure.
|