CEGAT Mumbai: Appellate Tribunal allows deduction for interest receivable from sale price. Appeal allowed, impugned order set aside.

The Appellate Tribunal CEGAT, Mumbai ruled in favor of the appellant, allowing their claim for deduction from the sale price for interest receivable. The appeal was allowed, and the impugned order was set aside.

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The Appellate Tribunal CEGAT, Mumbai ruled in favor of the appellant regarding the liability to deduction from the sale price for interest receivable. The appellant's claim for deduction was allowed based on a previous decision where interest did not need to be shown separately in the sale price. The appeal was allowed, and the impugned order was set aside.

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