https://www.taxtmi.com/caselaws?id=185709 The Tribunal allowed the assessee's appeal, holding that loan processing charges qualify as "interest" under section 2(28A) and are deductible under section 24(b). The Tribunal dismissed the department's appeal, upholding the deletion of the disallowance of interest under section 50C, as there was no legal basis for disallowing interest on excess consideration for property purchase. en-us Fri, 12 Aug 2011 00:00:00 +0530 Wed, 24 Aug 2016 11:52:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185709 The Tribunal allowed the assessee's appeal, holding that loan processing charges qualify as "interest" under section 2(28A) and are deductible under section 24(b). The Tribunal dismissed the department's appeal, upholding the deletion of the disallowance of interest under section 50C, as there was no legal basis for disallowing interest on excess consideration for property purchase. Case-Laws Income Tax Fri, 12 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185709