https://www.taxtmi.com/caselaws?id=195720 The Tribunal upheld the decision of the Ld. CIT (A) that the interest paid for the entire loan amount used to acquire shares should be considered as part of the cost of acquisition for computing short term capital loss, dismissing the Revenue's appeal. The Tribunal emphasized the direct relationship between the borrowed funds and the acquisition of shares, allowing the interest paid on the loan to be included in the cost calculation despite only a portion of the applied shares being allotted. en-us Fri, 16 Mar 2012 00:00:00 +0530 Wed, 08 Nov 2017 17:42:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195720 The Tribunal upheld the decision of the Ld. CIT (A) that the interest paid for the entire loan amount used to acquire shares should be considered as part of the cost of acquisition for computing short term capital loss, dismissing the Revenue's appeal. The Tribunal emphasized the direct relationship between the borrowed funds and the acquisition of shares, allowing the interest paid on the loan to be included in the cost calculation despite only a portion of the applied shares being allotted. Case-Laws Indian Laws Fri, 16 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195720