https://www.taxtmi.com/caselaws?id=399768 The Tribunal allowed the appeal of the assessee, deleting the disallowance of interest expenses while computing Long Term Capital Gains. The Tribunal found that the assessee demonstrated the utilization of borrowed funds for investments, supporting the claim for interest expenditure. The Tribunal noted similarities between the current case and previous assessments, ultimately ruling in favor of the assessee. The final order, pronounced in Ahmedabad on 19th March 2020, partially allowed the appeal. en-us Thu, 19 Mar 2020 00:00:00 +0530 Tue, 20 Oct 2020 12:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399768 The Tribunal allowed the appeal of the assessee, deleting the disallowance of interest expenses while computing Long Term Capital Gains. The Tribunal found that the assessee demonstrated the utilization of borrowed funds for investments, supporting the claim for interest expenditure. The Tribunal noted similarities between the current case and previous assessments, ultimately ruling in favor of the assessee. The final order, pronounced in Ahmedabad on 19th March 2020, partially allowed the appeal. Case-Laws Income Tax Thu, 19 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399768