https://www.taxtmi.com/caselaws?id=440760 The appeal was partly allowed by the Tribunal. The challenge to the addition towards the cost of acquisition under section 48 of the Income Tax Act was ruled in favor of the assessee. The issue of addition of interest paid from the escrow account was remanded back to the Assessing Officer for further verification. The disallowance under section 14A was not decided by the Tribunal due to procedural reasons. en-us Wed, 01 Mar 2023 00:00:00 +0530 Wed, 26 Jul 2023 16:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440760 The appeal was partly allowed by the Tribunal. The challenge to the addition towards the cost of acquisition under section 48 of the Income Tax Act was ruled in favor of the assessee. The issue of addition of interest paid from the escrow account was remanded back to the Assessing Officer for further verification. The disallowance under section 14A was not decided by the Tribunal due to procedural reasons. Case-Laws Income Tax Wed, 01 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440760