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In the result, the appeal of the assessee is dismissed
Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee
Section 24 of the IT Act, 1961 under the head 'income from house property'. However, this is not an allowable deduction under the head 'capital gains’ as claimed by the assessee under the garb of Expenditure on Transfer'. Therefore, 5 Vishal Batrav. Dy. CIT in view of the clear cut provision providing for deduction of the Interest amount