Asessee can claim Deduction of Interest on Housing Loan Both u/s. 24(b) & 48

IN THE ITAT CHENNAI BENCH ‘C’ Assistant Commissioner of Income-tax  Versus C. Ramabrahmam IT APPEAL NO. 943 (MDS.) OF 2012 [ASSESSMENT YEAR 2007-08] OCTOBER 31, 2012 ORDER S.S. Godara, Judicial Member This Revenue’s appeal is directed against the order of the Commissioner of Income Tax (Appeals) VIII Chennai dated 24.01.2012 in ITA No. 53/09-10(A)-VIII for the assessment year 2007-08 in proceedings under section 143(3) of the Income Tax Act 1961 [in short the “Act”]. 2. Brief facts of the case are that the assessee (individual), filed his ‘...