{"id":49761,"date":"2025-01-12T17:27:03","date_gmt":"2025-01-12T11:57:03","guid":{"rendered":"https:\/\/itatonline.org\/digest\/syeda-bibi-sadiqa-smt-v-dcit-2024-207-itd-543-bang-trib\/"},"modified":"2025-01-12T17:27:03","modified_gmt":"2025-01-12T11:57:03","slug":"syeda-bibi-sadiqa-smt-v-dcit-2024-207-itd-543-bang-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/syeda-bibi-sadiqa-smt-v-dcit-2024-207-itd-543-bang-trib\/","title":{"rendered":"Syeda Bibi Sadiqa. (Smt.) v. DCIT (2024) 207 ITD 543 (Bang) (Trib.)"},"content":{"rendered":"<p>The assessee claimed interest as deduction on housing loan for let out property, supported by bank certificate. CIT(A)\u00a0 disallowed the claim incorrectly stating loan was for renewal of already rented property.\u00a0\u00a0 Interest on housing loan for let-out property fully deductible under section 24 without maximum limit. Tribunal held that\u00a0 interest on housing loan is deductible under section 24 when property is let out, supported by bank certificate and consistent claims in previous years. (AY. 2021-22)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 24 : Income from house property-Deductions-Interest on borrowed capital-Interest on housing loan-Let-out property-When the property is let out there is no maximum deduction on interest on borrowed capital   Interest on housing loan allowable as deduction under section 24 for let-out property, based on bank certificate and consistent claims in previous years.[S. 22] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-49761","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-cWB","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/49761","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=49761"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/49761\/revisions"}],"predecessor-version":[{"id":49762,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/49761\/revisions\/49762"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=49761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=49761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=49761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}