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Income Tax - Highlights / Catch Notes

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Disallowance of interest on loan – u/s 24 - Loan taken for ...

Income Tax

May 16, 2013

Disallowance of interest on loan – u/s 24 - Loan taken for purchase of flat – the authorities were not justified in refusing deduction u/s 24 in respect of interest incurred by the assessee on loan borrowed for purchase of flat. - AT

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