https://www.taxtmi.com/caselaws?id=65535 The tribunal partly allowed the appeal, permitting the deduction of Rs. 1,42,623 under s. 24(1)(vi) for interest on unpaid purchase price treated as borrowed capital. The tribunal directed the AO to recalculate interest under s. 234A. The grounds challenging the validity of reopening the assessment were dismissed as the assessee did not pursue them during the hearing. en-us Fri, 09 May 2008 00:00:00 +0530 Fri, 20 Jul 2012 18:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65535 The tribunal partly allowed the appeal, permitting the deduction of Rs. 1,42,623 under s. 24(1)(vi) for interest on unpaid purchase price treated as borrowed capital. The tribunal directed the AO to recalculate interest under s. 234A. The grounds challenging the validity of reopening the assessment were dismissed as the assessee did not pursue them during the hearing. Case-Laws Income Tax Fri, 09 May 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65535