https://www.taxtmi.com/caselaws?id=189224 The Tribunal dismissed the appeal, upholding the revenue authorities' decision that the repayment of the mortgage debt did not qualify for deduction in computing capital gains. The Tribunal held that the mortgage debt was self-created and not an expenditure connected with the asset transfer. Additionally, the Tribunal rejected the argument that the sale proceeds were diverted by overriding title, citing the Supreme Court's ruling. The Tribunal found no merit in the additional grounds raised by the assessee, affirming that the claimed deductions were not supported by relevant laws. en-us Wed, 22 Sep 1999 00:00:00 +0530 Mon, 02 Jan 2017 11:45:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189224 The Tribunal dismissed the appeal, upholding the revenue authorities' decision that the repayment of the mortgage debt did not qualify for deduction in computing capital gains. The Tribunal held that the mortgage debt was self-created and not an expenditure connected with the asset transfer. Additionally, the Tribunal rejected the argument that the sale proceeds were diverted by overriding title, citing the Supreme Court's ruling. The Tribunal found no merit in the additional grounds raised by the assessee, affirming that the claimed deductions were not supported by relevant laws. Case-Laws Income Tax Wed, 22 Sep 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189224