https://www.taxtmi.com/highlights?id=30232 Determination of capital gains - deduction u/s 48 - sale proceeds, to clear the mortgage debt - cost of acquisition - no deduction can be claimed under Section 48 of the Act, even if the said amount had been utilised for repayment of the loan extended by the bank to the company and the firm. - HC en-us Sat, 09 Jul 2016 12:02:04 +0530 Sat, 09 Jul 2016 12:02:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=30232 Determination of capital gains - deduction u/s 48 - sale proceeds, to clear the mortgage debt - cost of acquisition - no deduction can be claimed under Section 48 of the Act, even if the said amount had been utilised for repayment of the loan extended by the bank to the company and the firm. - HC Highlights Income Tax Sat, 09 Jul 2016 12:02:04 +0530 https://www.taxtmi.com/highlights?id=30232