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Income Tax - Highlights / Catch Notes

Home Highlights September 2019 Year 2019 This

Valid source of the amount used for repayment of loan amount - ...


Assessee challenges decision on loan repayment source; claims agricultural, rental, and interest income assessed for tax.

September 18, 2019

Case Laws     Income Tax     AT

Valid source of the amount used for repayment of loan amount - assessee claimed the source from the agricultural income, rental income and interest income were assessed to income tax. - CIT(A) ought not have confirmed the action of the AO on the ground that repayment of loan amount was not accounted in the books of accounts - AT

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