https://www.taxtmi.com/caselaws?id=327122 The Tribunal allowed the appeals, directing the Assessing Officer to allow the deduction for interest on the housing loan under section 24(b) and the repayment of the housing loan under section 80C. The Tribunal clarified that for deductions under section 24(b), the property could be acquired or constructed with borrowed capital, and for deductions under section 80C, the repayment of the loan taken for acquiring the property is eligible. en-us Fri, 05 Feb 2016 00:00:00 +0530 Wed, 04 May 2016 09:14:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327122 The Tribunal allowed the appeals, directing the Assessing Officer to allow the deduction for interest on the housing loan under section 24(b) and the repayment of the housing loan under section 80C. The Tribunal clarified that for deductions under section 24(b), the property could be acquired or constructed with borrowed capital, and for deductions under section 80C, the repayment of the loan taken for acquiring the property is eligible. Case-Laws Income Tax Fri, 05 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327122