https://www.taxtmi.com/highlights?id=75282 Addition on the account of Section 24 v/s business head u/s 37 - interest paid on housing loan - The ITAT upheld the CIT(A)'s decision, stating that if the interest is paid on capital borrowed for the purpose of business, it should be allowed as a deduction under the business head, and not under income from house property. en-us Thu, 29 Feb 2024 07:55:22 +0530 Thu, 29 Feb 2024 07:55:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=75282 Addition on the account of Section 24 v/s business head u/s 37 - interest paid on housing loan - The ITAT upheld the CIT(A)'s decision, stating that if the interest is paid on capital borrowed for the purpose of business, it should be allowed as a deduction under the business head, and not under income from house property. Highlights Income Tax Thu, 29 Feb 2024 07:55:22 +0530 https://www.taxtmi.com/highlights?id=75282