https://www.taxtmi.com/caselaws?id=120764 The Tribunal upheld the CIT(A)'s decisions, allowing the assessee's deduction under Section 54EA for investing the equivalent amount of sale proceeds in specified securities, even if funded by borrowed money. Additionally, the Tribunal confirmed the deductibility of stock borrowing charges as business expenditure, emphasizing their ascertainability and citing relevant precedents. The appeal filed by the department was dismissed, affirming the favorable rulings for the assessee on both issues. en-us Tue, 18 Dec 2007 00:00:00 +0530 Tue, 24 Jul 2012 12:00:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120764 The Tribunal upheld the CIT(A)'s decisions, allowing the assessee's deduction under Section 54EA for investing the equivalent amount of sale proceeds in specified securities, even if funded by borrowed money. Additionally, the Tribunal confirmed the deductibility of stock borrowing charges as business expenditure, emphasizing their ascertainability and citing relevant precedents. The appeal filed by the department was dismissed, affirming the favorable rulings for the assessee on both issues. Case-Laws Income Tax Tue, 18 Dec 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120764