https://www.taxtmi.com/caselaws?id=757888 ITAT Delhi allowed assessee's appeal regarding depreciation on hired vehicles, directing AO to allow 30% depreciation instead of 15% as vehicles given on hire qualify for higher rate. Tribunal permitted interest on borrowed capital as part of cost of acquisition for capital gains computation. Addition made by AO in house property income calculation was deleted due to misdirection. Capital loss on land sale was upheld against CIT(A)'s disallowance, as indexed cost of acquisition was correctly computed including borrowing interest. en-us Wed, 14 Feb 2024 00:00:00 +0530 Wed, 04 Sep 2024 08:19:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757888 ITAT Delhi allowed assessee's appeal regarding depreciation on hired vehicles, directing AO to allow 30% depreciation instead of 15% as vehicles given on hire qualify for higher rate. Tribunal permitted interest on borrowed capital as part of cost of acquisition for capital gains computation. Addition made by AO in house property income calculation was deleted due to misdirection. Capital loss on land sale was upheld against CIT(A)'s disallowance, as indexed cost of acquisition was correctly computed including borrowing interest. Case-Laws Income Tax Wed, 14 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757888