Held that borrowed money was used for the purpose acquisition and construction of school building. Interest allowable as deduction. (AY. 2013-14)
Vidya Education Investment Pvt. Ltd. v. Dy.CIT (2021) 90 ITR 6 (SN) (Delhi)(Trib.)
S. 24 : Income from house property-Deductions-Borrowed money was used for the purpose acquisition and construction of school building-Interest allowable as deduction. [S. 24(b)]