https://www.taxtmi.com/caselaws?id=25915 Interest deduction for house property under section 24(1)(vi) depends on a foundational factual finding that borrowed capital was used to acquire the property. Here, the Tribunal had not determined whether any part of the unsecured debentures constituted such borrowed capital; it had only affirmed the remand for that factual inquiry. Because the referred question could not be answered without that missing finding, the Court treated the question as not properly arising for opinion. The discussion also noted that interest would be deductible if the property was initially purchased with borrowed capital, but that issue remained contingent on the remanded fact-finding. en-us Mon, 06 Jan 1986 00:00:00 +0530 Mon, 01 Feb 2010 16:18:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25915 Interest deduction for house property under section 24(1)(vi) depends on a foundational factual finding that borrowed capital was used to acquire the property. Here, the Tribunal had not determined whether any part of the unsecured debentures constituted such borrowed capital; it had only affirmed the remand for that factual inquiry. Because the referred question could not be answered without that missing finding, the Court treated the question as not properly arising for opinion. The discussion also noted that interest would be deductible if the property was initially purchased with borrowed capital, but that issue remained contingent on the remanded fact-finding. Case-Laws Income Tax Mon, 06 Jan 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25915