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of <h1>Interest on Property Instalments Deductible Under Income-tax Act</h1> <h3>Commissioner of Income-tax Versus Master Sukhwant Singh</h3> The Punjab and Haryana High Court held that interest paid by the assessee on property instalments is deductible under section 24(1)(vi) of the Income-tax ... - The Punjab and Haryana High Court ruled that interest paid by the assessee on instalments for property allotment is deductible under section 24(1)(vi) of the Income-tax Act, 1961. The decision was based on a previous case and favored the assessee, not the revenue.
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