Income from housing finance for Residential Purposes for a period of less than 5 years eligible for deduction u/s 36(1)(viii) of Income Tax Act: ITAT [Read Order]

ITAT Mumbai - ITAT - Income Tax - Income Tax Act - ITAT housing finance deduction - ITAT ruling on residential finance - Taxscan

The Two member bench of Income Tax Appellate Tribunal ( ITAT ) of Mumbai  ruled that Income From housing finance for residential purposes for a period of less than 5 years should be eligible for deduction under Section 36(1)(viii) of Income Tax  Act, 1961. The Assessee Housing Development Finance Corporation Limited, is regulated by National…

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