https://www.taxtmi.com/caselaws?id=291686 The Tribunal dismissed the Revenue's appeal, affirming the inclusion of interest paid on delayed payments in the cost of acquisition. It upheld the CIT(A)'s decision that interest paid on installments forms part of the cost of acquisition, to be indexed separately. The Tribunal's ruling was based on the interpretation of relevant sections of the Income Tax Act, clarifying the treatment of cost of acquisition and improvement in capital gains computation. en-us Fri, 13 May 2011 00:00:00 +0530 Sat, 21 Nov 2020 11:51:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291686 The Tribunal dismissed the Revenue's appeal, affirming the inclusion of interest paid on delayed payments in the cost of acquisition. It upheld the CIT(A)'s decision that interest paid on installments forms part of the cost of acquisition, to be indexed separately. The Tribunal's ruling was based on the interpretation of relevant sections of the Income Tax Act, clarifying the treatment of cost of acquisition and improvement in capital gains computation. Case-Laws Income Tax Fri, 13 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291686