https://www.taxtmi.com/caselaws?id=199992 The appeal against the order under section 143(3) of the Income Tax Act, 1961 for the assessment year 2006-07 regarding the disallowance of interest paid on housing loan and payment for building repair fund in the computation of short term capital gains was dismissed. The Tribunal upheld the decisions of the lower authorities, stating that the expenses claimed did not meet the criteria specified in the Income Tax Act for inclusion in the cost of acquisition or improvement, and therefore, could not be allowed as deductions. en-us Fri, 29 Oct 2010 00:00:00 +0530 Fri, 16 Mar 2018 15:28:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199992 The appeal against the order under section 143(3) of the Income Tax Act, 1961 for the assessment year 2006-07 regarding the disallowance of interest paid on housing loan and payment for building repair fund in the computation of short term capital gains was dismissed. The Tribunal upheld the decisions of the lower authorities, stating that the expenses claimed did not meet the criteria specified in the Income Tax Act for inclusion in the cost of acquisition or improvement, and therefore, could not be allowed as deductions. Case-Laws Income Tax Fri, 29 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199992