Court Denies Taxpayer Deductions u/ss 24(b) and 80C Due to Lack of Borrowed Capital for Property Purchase.

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....Entitlement to deduction under Section 24(b) and 80C - once it is held that the assessee had not borrowed any capital for the purchase of the property, the assessee was not entitled to any deduction under Section 80C(1) read with 80C(2)(xviii) - HC....