Interest Expenditure claimed under head of Income from House property in Original ITR: ITAT allows deduction u/s 24 of Income Tax Act

By Sunayana Dhal - On November 24, 2023 8:30 pm - 2 mins read
Tax - Appellate - Tribunal - interest - property - Expenditure - ITR - Income tax return - taxscan

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) allowed the deduction under Section 24 of the Income Tax Act, 1961 due to interest expenditure claimed under the head of income from house property in the original return of Income. The assessee is a full-time employee of Jet Airways India Limited. He filed his…

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