Interest on borrowed capital

Bhavik Damani (Student) (67 Points)

23 December 2009  

hi friends please help me out to solve the following problem:

Mr. x has purchased a house in the name of mrs x by having loan in the joint name of the mr x & mrs x. Will Mr. X be eligible for deduction of interest on the loan taken for house u/s 24 under the head 'Income from House Propery'

If yes, please let me know where it is written.  Is there any notification or decision of court for such case?