https://www.taxtmi.com/caselaws?id=416110 The Tribunal dismissed the Revenue's appeal, confirming the CIT(A)'s decisions. The deduction of interest expenses on loans in the computation of capital gain was upheld as correctly included in the cost of acquisition. The deletion of disallowances of interest expenses and other revenue expenditure was upheld as the AO had sufficient opportunity to verify evidence. The order was pronounced on December 8, 2021, in Chennai. en-us Wed, 08 Dec 2021 00:00:00 +0530 Thu, 03 Mar 2022 17:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416110 The Tribunal dismissed the Revenue's appeal, confirming the CIT(A)'s decisions. The deduction of interest expenses on loans in the computation of capital gain was upheld as correctly included in the cost of acquisition. The deletion of disallowances of interest expenses and other revenue expenditure was upheld as the AO had sufficient opportunity to verify evidence. The order was pronounced on December 8, 2021, in Chennai. Case-Laws Income Tax Wed, 08 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416110