https://www.taxtmi.com/caselaws?id=77531 The court upheld the ITAT decision, ruling in favor of the assessee that interest payable to directors should be included in the cost of acquisition for computing long-term capital gains. The court emphasized that interest accrued by the due date was justifiable to be included in the cost of acquisition, supporting the assessee's position. However, the court dismissed the appeal regarding interest accrued but not paid before the property sale, affirming that such interest could not be added to the cost of acquisition of the property. en-us Tue, 01 Dec 2009 00:00:00 +0530 Wed, 07 Sep 2011 14:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77531 The court upheld the ITAT decision, ruling in favor of the assessee that interest payable to directors should be included in the cost of acquisition for computing long-term capital gains. The court emphasized that interest accrued by the due date was justifiable to be included in the cost of acquisition, supporting the assessee's position. However, the court dismissed the appeal regarding interest accrued but not paid before the property sale, affirming that such interest could not be added to the cost of acquisition of the property. Case-Laws Income Tax Tue, 01 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77531