https://www.taxtmi.com/highlights?id=58641 Revision u/s 263 - AO had issued u/s. 142(1) and has enquired about the details of sale of flat and LTCG etc. by asking question - AO had enquired about the issue of LTCG on sale of flat and has discharged his duty as on investigation and cannot be faulted; and allowing the interest expenditure (capitalized) and which becomes part of the cost of acquisition in the facts of this case is allowable, and is a plausible view and so it cannot be held erroneous and at any rate be held un-sustainable view in law. - AT en-us Mon, 05 Jul 2021 16:57:34 +0530 Mon, 05 Jul 2021 16:57:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=58641 Revision u/s 263 - AO had issued u/s. 142(1) and has enquired about the details of sale of flat and LTCG etc. by asking question - AO had enquired about the issue of LTCG on sale of flat and has discharged his duty as on investigation and cannot be faulted; and allowing the interest expenditure (capitalized) and which becomes part of the cost of acquisition in the facts of this case is allowable, and is a plausible view and so it cannot be held erroneous and at any rate be held un-sustainable view in law. - AT Highlights Income Tax Mon, 05 Jul 2021 16:57:34 +0530 https://www.taxtmi.com/highlights?id=58641