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1980 (11) TMI 71 - AT - Income Tax

The appeal involved the application of s. 80V of the IT Act, 1961. The assessee obtained a loan from LIC to pay taxes. The CIT disallowed relief under s. 80V, but the ITAT Bombay-D allowed relief for amounts paid after receiving the LIC loan. The appeal was partly allowed.

 

 

 

 

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