https://www.taxtmi.com/caselaws?id=442813 Capitalised interest that formed part of the investment's opening value and was not claimed as a revenue deduction could be included in the cost of acquisition of debentures for computing long-term capital gains. On revision, the order under section 263 could not be sustained on the partners' remuneration issue because the original limited scrutiny was confined to the genuineness of capital gains, the remuneration point lay outside that scope, and the underlying tax treatment was debatable with more than one legally sustainable view. The revisional order was therefore set aside and the assessment restored. en-us Thu, 07 Sep 2023 00:00:00 +0530 Thu, 07 May 2026 12:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442813 Capitalised interest that formed part of the investment's opening value and was not claimed as a revenue deduction could be included in the cost of acquisition of debentures for computing long-term capital gains. On revision, the order under section 263 could not be sustained on the partners' remuneration issue because the original limited scrutiny was confined to the genuineness of capital gains, the remuneration point lay outside that scope, and the underlying tax treatment was debatable with more than one legally sustainable view. The revisional order was therefore set aside and the assessment restored. Case-Laws Income Tax Thu, 07 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442813