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2023 (10) TMI 375 - ITAT AHAMEDABADDisallowance being interest - self occupied house property - Second loan taken to repay earlier loan for the same house property - HELD THAT:- It is an admitted fact that it is never disputed by the AO that the assessee has obtained a LIC loan for acquiring/purchasing property and in subsequent years obtained a loan from SBI for the second property for which he has also taken those funds to repay an earlier loan amount. At no point of time, the Revenue disputed that the assessee has paid the interest component and therefore the basis of the Revenue that the present appeal is identical to those for assessment year 2009-10 appears to be incorrect. Therefore, the Assessing Officer as well as CIT(A) is not justified in denying the claim of the assessee towards interest payment - Decided in favour of assessee.
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