The ITAT found that the Assessing Officer had conducted appropriate inquiries and made a legally plausible decision
The Gujarat High Court has upheld the decision of the Income Tax Appellate Tribunal ( ITAT ) to allow income tax deduction for payment made to clear a mortgage, dismissing the appeal filed by the Principal Commissioner of Income Tax ( PCIT ). The assessee, Rinki Shashikant Gandhi, declaring a total income of Rs. 25,000…
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