https://www.taxtmi.com/caselaws?id=18168 The High Court ruled in favor of the Revenue and against the assessee in a case involving the determination of capital gains, classification of legal expenses, and the opportunity of being heard before charging interest under the Income-tax Act, 1961. The court held that the date of acquisition of land should be based on the court decree, legal expenses for the sale deed were deemed capital expenditure, and no prior hearing was necessary before charging interest. en-us Wed, 19 Jun 1996 00:00:00 +0530 Tue, 29 Sep 2009 12:56:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18168 The High Court ruled in favor of the Revenue and against the assessee in a case involving the determination of capital gains, classification of legal expenses, and the opportunity of being heard before charging interest under the Income-tax Act, 1961. The court held that the date of acquisition of land should be based on the court decree, legal expenses for the sale deed were deemed capital expenditure, and no prior hearing was necessary before charging interest. Case-Laws Income Tax Wed, 19 Jun 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18168