https://www.taxtmi.com/caselaws?id=260720 The Tribunal allowed the assessee's appeal and dismissed the Revenue's appeal, holding that the entire loan amount was utilized for repaying debts raised for constructing the property. Therefore, the interest on the term loan from the bank was fully deductible under section 24(b). Additionally, the Tribunal confirmed that the investment in property included land, justifying the interest claim on the entire loan amount. The order was pronounced on 11th June, 2015. en-us Thu, 11 Jun 2015 00:00:00 +0530 Mon, 22 Jun 2015 09:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260720 The Tribunal allowed the assessee's appeal and dismissed the Revenue's appeal, holding that the entire loan amount was utilized for repaying debts raised for constructing the property. Therefore, the interest on the term loan from the bank was fully deductible under section 24(b). Additionally, the Tribunal confirmed that the investment in property included land, justifying the interest claim on the entire loan amount. The order was pronounced on 11th June, 2015. Case-Laws Income Tax Thu, 11 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260720