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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