Case Law Details
Case Name : Sameer Kishore Koticha Vs DCIT (ITAT Mumbai)
Appeal Number : ITA No. 1826/Mum./2022
Date of Judgement/Order : 05/01/2023
Related Assessment Year : 2016–17
Courts :
All ITAT ITAT Mumbai
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Sameer Kishore Koticha Vs DCIT (ITAT Mumbai)
ITAT Mumbai held that entire interest paid on loan for acquiring commercial property is allowable as deduction. Restriction as provided in 2nd proviso to section 24(b) is not applicable. Hence, the amount of loss under the head ‘inco
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Author Bio
The Income tax form automatically cap the dedcution amount to Rs. 2 lakh; how to claim deduction on the entire interest paid for commercial property