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1 - 5 of 5 (0.21 seconds)The Rajasthan Finance Act, 1961
Commissioner Of Income-Tax, Bombay ... vs S.B. Bakshi Dalip Singh on 9 January, 1979
In CIT v. Bakshi Dalip Singh [1980] 122 ITR 96, the Bombay High court found, as a fact, that the charge was not created voluntarily and being an annual charge, qualified for deduction.
Commissioner Of Income-Tax vs Rameshwarlal Agarwalla on 18 September, 1979
So far so the decision in CIT v. Dr. Rameshwarlal Pahwa is concerned, all that the Bench of the Delhi High Court held was that, according to the language of clause (iv), before its amendment, it is not necessary that the charge should have been created voluntarily by the assessee qualifies foe deduction. Be that the is it may, on the language of clause (iv), we must hold that the Tribunal was right in holding that the amounts paid towards interest on the aforesaid mortgages qualify for deduction under clause (iv) of s. 24(1).
Section 256 in The Income Tax Act, 1961 [Entire Act]
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