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Can interest on housing loan allowed as a deduction u/s. 24 be treated as part of cost of acquisition on sale of the house       The Income-tax Appellate Tribunal (ITAT), Chennai was recently called upon to decide a tricky issue as to whether interest on housing loan, already claimed by the taxpayer as deduction under Section 24(b) in computing his income from house property, could again be deducted by him under...

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