One of Myhas the following Probelem
He has obtained the Housing Loan after 01.04.1999
Ist Loan For Construction
after 3 years II Loan for Reconstruction
He claimed interest of Rs.70,000 of Ist loan and Rs.25,000/- of IInd loan
The icome tax officer disallowed the second loan interest for reconstruction
In the bare act, i cannot find the excat term to clash his view
Pls.
assist me in giving suggesstions and any "Case Laws"
1 Replies
Bala
(CA Practice )
(63 Points)
Replied 10 May 2007
The following facts are required. Date of availing the loans. Date of completion of construction. II loan for what purpose?
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