Live Help
Want to know more
Enter the details and we'll call you soon

Name :

Company Name :

City :

Mobile No. :

Email id :

  

Thank you for your details



Our Executive will reach you shortly.

Your Session Will Expire in   seconds.
If you do not wish to log-out, choose 'Let me continue'
Reset SessionCancel Session
 

Repayment of loan isn't deductible from sale consideration of mortgaged assets sold by lender to recover loan

February 13, 2020[2020] 113 taxmann.com 384 (Mumbai - Trib.) (TM)
286 Views

INCOME TAX: Where on account of non-payment of corporate loan as per agreed terms, a charge on mortgaged property was created by assessee himself in terms of section 13(2) of SARFAESI Act, 2002, in such a case, upon sale of property so mortgaged, assessee could not claim deduction of principal amount of loan either as expenditure under section 48 or as 'diversion of income by overriding title'

read more

taxmann.com
Payment
Best view in 1140 x 768