Housing Loan Repayment to Co-op Bank: Section 80C Deduction Upheld by ITAT

Allavuddin Unmarasab Hurakadli Vs National Faceless Assessment Centre (ITAT Panaji) The Income Tax Appellate Tribunal (ITAT), Panaji Bench, delivered a split ruling in the appeal filed by Allavuddin Unmarasab Hurakadli against the order of the National Faceless Assessment Centre (NFAC) for the Assessment Year 2016-17. The appeal contested two key additions made by the Assessing Officer (AO): a disallowance under Section 69C for unexplained expenditure, and the denial of a deduction under Section 80C for housing loan repayment. Disallowance : Remand for Verification Regarding the first issue, t...