TMI BlogIncome from house property - The assessee has to prove that this bungalow was purchased with borrowed...Income from house property - The assessee has to prove that this bungalow was purchased with borrowed funds. But neither the bungalow was ready for self-occupation nor the assessee has given a choice. Thus, under this head also the assessee is not entitled for deduction of an interest expenditure. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
|