https://www.taxtmi.com/caselaws?id=428814 The ITAT allowed the appeals of the assessee, directing the revenue to permit the balance deduction of interest on the housing loan under section 24(b) and accepting the deduction claim under section 80C for tuition fees and repayment of the housing loan. The ITAT rejected the CIT(A)'s directive to place life insurance premium documents on the assessment record, instead allowing the deduction under section 80C. The ITAT also affirmed the appellate authority's power to allow deductions not claimed in the return, emphasizing a fair evaluation of the appellant's claims. en-us Wed, 21 Sep 2022 00:00:00 +0530 Wed, 31 Jan 2024 14:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428814 The ITAT allowed the appeals of the assessee, directing the revenue to permit the balance deduction of interest on the housing loan under section 24(b) and accepting the deduction claim under section 80C for tuition fees and repayment of the housing loan. The ITAT rejected the CIT(A)'s directive to place life insurance premium documents on the assessment record, instead allowing the deduction under section 80C. The ITAT also affirmed the appellate authority's power to allow deductions not claimed in the return, emphasizing a fair evaluation of the appellant's claims. Case-Laws Income Tax Wed, 21 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428814