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![Madras HC disallows Deduction for clearing off mortgage created by Assessee prior to Transfer of Land [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/01/Madras-High-Court-clearing-off-mortgage-transfer-of-land-Taxscan.jpg "Madras HC disallows Deduction for clearing off mortgage created by Assessee prior to Transfer of Land [Read Judgment]")
Madras HC disallows Deduction for clearing off mortgage created by Assessee prior to Transfer of Land [Read Judgment]
The Madras High Court disallowed the deduction under section 48 for clearing off mortgage created by the assessee prior to the transfer of land. ...