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<h1>Appeal partly allowed under s. 80V of IT Act for post-loan payments despite initial disallowance</h1> The appeal was partly allowed as the ITAT Bombay-D granted relief under s. 80V of the IT Act, 1961 for amounts paid after receiving the loan from LIC, ... - The appeal involved the application of s. 80V of the IT Act, 1961. The assessee obtained a loan from LIC to pay taxes. The CIT disallowed relief under s. 80V, but the ITAT Bombay-D allowed relief for amounts paid after receiving the LIC loan. The appeal was partly allowed.
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