Mere Claim of Interest of Housing Loan in ITR by Son of Assessee Would Not Absolve Capital Gain Tax Liability: ITAT [Read Order]

Claim - Interest of Housing Loan - Housing Loan - Loan - ITR - Capital Gain - Tax Liability - Tax - Income tax - taxscan

The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has held that a mere claim of interest on a housing loan in an Income Tax Return (ITR) by the son of the assessee would not absolve capital gain and its tax liability. Mumtaz Abdul Aziz Thakur, the assessee challenged the appellate order…

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