Interest paid on Loan for Repayment of earlier loan for Construction of property may be Deductible from House Property Income: ITAT [Read Order]

Interest- paid - Loan - Repayment - loan - Construction - property - Deductible -House - Income-ITAT-TAXSCAN

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has remanded a case back to the Assessing Officer (AO) to decide whether interest paid on a loan taken for repayment of an earlier loan for the construction of a property is deductible from House Property Income under section 24(b) of the Income Tax Act,…

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