Loan Repayment Claim Denied for Assessee u/s 11 Due to Prior Exemption on Asset's Cost.

Exemption u/s 11 - Claim of repayment of loan as application of income - Since the assessee has already claimed exemption towards the cost of asset as application of income, the claim cannot be allowed. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X