https://www.taxtmi.com/caselaws?id=285034 The Tribunal upheld the decision of the Commissioner of Income Tax (Appeals) to allow the capitalization of interest on borrowed funds as part of the asset's cost. Additionally, the Tribunal permitted the set-off of long-term capital losses from the sale of listed shares against long-term capital gains from the sale of unlisted shares, following the principle favoring the assessee in case of statutory provisions capable of multiple interpretations. The Revenue's appeal was dismissed, and the assessee's appeal was allowed. en-us Fri, 08 Mar 2019 00:00:00 +0530 Mon, 23 Dec 2019 10:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285034 The Tribunal upheld the decision of the Commissioner of Income Tax (Appeals) to allow the capitalization of interest on borrowed funds as part of the asset's cost. Additionally, the Tribunal permitted the set-off of long-term capital losses from the sale of listed shares against long-term capital gains from the sale of unlisted shares, following the principle favoring the assessee in case of statutory provisions capable of multiple interpretations. The Revenue's appeal was dismissed, and the assessee's appeal was allowed. Case-Laws Income Tax Fri, 08 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285034