ITAT disallows Fake Claim for Deduction as Rent paid to Mother was an afterthought

The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has disallowed a fake claim for deduction because it was proved that the rent paid to mother was nothing, but an afterthought to claim tax deduction. The assessee, a salaried employee, claimed deduction on interest on borrowed capital at Rs.8,27,014/- under s.24 of the Act […]

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