[aaykarbhavan] A Co. isn't entitled to deduction of interest under sec. 24(b) as it can't utilize properties for 'own residence'

A Co. isn't entitled to deduction of interest under sec. 24(b) as it can't utilize properties for 'own residence'

January 30, 2015[2015] 53 taxmann.com 310 (Mumbai - Trib.)

IT: Even where assessee-company had paid interest on borrowed fund, deduction under section 24(b) could not be allowable as such provision is applicable only to self occupied properties

 

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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