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Querist : Anonymous

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Querist : Anonymous (Querist)
12 December 2017 Is Repayment of loan is treated is application of income, if loan is taken for purchase of property in case of trust and this purchase is taken as capital expenditure.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
12 December 2017 Loan repayment is application of income.

Citation:- CIT Vs. Janmabumi Press Trust (2000) 242 ITR 457(Kar).

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