Loan Repayment Claim Denied for Assessee u/s 11 Due to Prior Exemption on Asset's Cost.

Loan Repayment Claim Denied for Assessee u/s 11 Due to Prior Exemption on Asset's Cost. https://www.taxtmi.com/highlights?id=49694 Exemption u/s 11 - Claim of repayment of loan as application of income - Since the assessee has already claimed exemption towards the cost of asset as application of income, the claim cannot be allowed. en-us Sun, 13 Oct 2019 11:22:22 +0530 Sun, 13 Oct 2019 11:22:22 +0530 TaxTMI RSS Generator Loan Repayment Claim Denied for Assessee u/s 11 Due to Prior Exemption on Asset's Cost. https://www.taxtmi.com/highlights?id=49694 Exemption u/s 11 - Claim of repayment of loan as application of income - Since the assessee has already claimed exemption towards the cost of asset as application of income, the claim cannot be allowed. Highlights Income Tax Sun, 13 Oct 2019 11:22:22 +0530 https://www.taxtmi.com/highlights?id=49694