https://www.taxtmi.com/caselaws?id=38272 The High Court allowed the deduction of Rs. 15,863 for the assessee in computing the share of capital gains, ruling that the amount spent to acquire interest in the house property was deductible under section 48(ii) of the Income-tax Act, 1961. The Court held that the Tribunal erred in disallowing the deduction and answered the legal question against the department. No costs were awarded, and the judgment was directed to be sent to the Income-tax Appellate Tribunal, Gauhati Bench, Gauhati. en-us Thu, 30 Jun 1977 00:00:00 +0530 Mon, 05 Apr 2010 12:40:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38272 The High Court allowed the deduction of Rs. 15,863 for the assessee in computing the share of capital gains, ruling that the amount spent to acquire interest in the house property was deductible under section 48(ii) of the Income-tax Act, 1961. The Court held that the Tribunal erred in disallowing the deduction and answered the legal question against the department. No costs were awarded, and the judgment was directed to be sent to the Income-tax Appellate Tribunal, Gauhati Bench, Gauhati. Case-Laws Income Tax Thu, 30 Jun 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38272