House Loan paid by Company Allotted to Directors for Residential Purpose Eligible for Income Tax Deduction: ITAT [Read Order]

House Loan - Loan - Income Tax Deduction - Income Tax - Deduction - Tax - ITAT - Taxscan

The Delhi Bench Income Tax Appellate Tribunal ( ITAT ) has held that the house loan paid by a company allotted to the directors for residential purpose would be eligible for the Income Tax Deduction. The assessee -Bhagat Motor Company Pvt. Ltd filed return of income  and the assessee had claimed the expenses on account…

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