Disallowance of interest on house property claim u/s. 80C - ...

Interest Deduction for House Property Loan Allowed u/s 80C After Dispute; Bank Statement Supported Claim.

August 19, 2015

Case Laws Income Tax AT

Disallowance of interest on house property claim u/s. 80C - assessee has paid interest paid to the bank for housing loan and it is supported by bank statement, therefore we allow the same - Deduction allowed - AT

View Source

← Previous Next →

Disallowance of interest on house property claim u/s. 80C - ...

Interest Deduction for House Property Loan Allowed u/s 80C After Dispute; Bank Statement Supported Claim.

August 19, 2015

Case Laws Income Tax AT

You may also like:

Assessee had claimed loss under the head income from house property’ by claiming deduction u/s 24(b) of the Act in respect of interest paid for purchase of house...

Deduction u/s 57 was disallowed for interest income from savings bank account and interest from Thangamayil Jewellery Limited, classified under "other sources". The...

Standard deduction and interest paid on housing loan - Once the income is assessable under the head house property, consequent deductions being standard deduction u/s...

Deduction of interest from rental income - loan was taken for the purpose of construction of house property - looking to the fact that the assessee took a housing loan...

TP adjustment of interest - CIT(A) confirmed upward adjustment towards interest by adopting rupee loan rate instead of LIBOR linked rate in respect of foreign currency...

House property - Disallowance of interest claimed on second loan u/s.24(b) - Applicability of DBDT circular - Ld. CIT(A) recorded categorical findings that the assessee...

Computation of income from house property - deduction of interest on subsequent loan which was borrowed to repay earlier loan - The proviso only carves out an exception...

Income from house property - one is self occupied property and second is vacant property - AO has applied ALV at 7% of book value of the property and computed deemed...

Whether deduction under sec. 80C is claimed for renovation of house - held no - AT

The Income Tax Appellate Tribunal held that the assessee had reasonably discharged its onus to explain the loan credit by adducing proper legal evidence. The loan amount...

Deduction u/s 80P - Disallowance of deduction under section 80P of the Act in respect of “rental income” - where the assessee-bank derived the income in question from...

Substitution of new section for section 80EE - Deduction in respect of interest on loan taken for residential house property. - a deduction for those who buy residential...

The Appellate Tribunal held that the Assessing Officer erred in making additions u/s 68 for unsecured loans and disallowing interest component. The assessee demonstrated...

Deduction claimed u/s 54 - oint owners of the house property having 50% right, title and interest over the property - Since the assessee and her son have jointly...

Deduction u/s 80P - deduction of income earned as interest/dividend from co-operative bank is allowable. Section 80P(2)(d) reflects that if income by way of interest or...

Quick Updates: