https://www.taxtmi.com/caselaws?id=395047 The Tribunal allowed the appeal of the assessee, directing the Assessing Officer to consider interest paid to the bank for acquiring the capital asset as eligible part of the cost of acquisition for computing capital gains under Section 48 of the IT Act. The decision was based on precedents establishing that interest can form part of the cost of assets for capital gains calculations when purchased using borrowed funds. en-us Fri, 28 Feb 2020 00:00:00 +0530 Mon, 04 May 2020 12:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395047 The Tribunal allowed the appeal of the assessee, directing the Assessing Officer to consider interest paid to the bank for acquiring the capital asset as eligible part of the cost of acquisition for computing capital gains under Section 48 of the IT Act. The decision was based on precedents establishing that interest can form part of the cost of assets for capital gains calculations when purchased using borrowed funds. Case-Laws Income Tax Fri, 28 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395047