P&H High Court held that where loan taken subsequent to the purchase of the property cannot be said that the same was utilized for acquiring the property. In such circumstances, the Assessing Officer, the CIT(A) and the Tribunal were justified in declining the benefit of Section 24(b) of the Act. Equally, once it is held that the assessee had not borrowed any capital for the purchase of the property, the assessee was not entitled to any deduction under Section 80C(1) read with 80C(2)(xviii) of the Act.- Vijay Aggarwal 27-08-2015[P&H] [2016] 65 taxmann.com 16 (Punjab & Haryana)[Para 9]