https://www.taxtmi.com/caselaws?id=784429 Interest paid on a housing loan for purchase of immovable property was held to be a financial liability and not part of the "cost of acquisition" for capital gains computation; it is allowable, if at all, as revenue expenditure under the head "Income from house property," hence it cannot be capitalised into the acquisition cost, and the disallowance was sustained and the ground was dismissed. Amount paid for delayed possession was treated as requiring factual verification whether it had been claimed in the computation; if not claimed, no disallowance/addition could arise, and the remand direction to the AO for verification was upheld, resulting in dismissal of this ground as well. en-us Tue, 30 Dec 2025 00:00:00 +0530 Sat, 03 Jan 2026 10:06:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784429 Interest paid on a housing loan for purchase of immovable property was held to be a financial liability and not part of the "cost of acquisition" for capital gains computation; it is allowable, if at all, as revenue expenditure under the head "Income from house property," hence it cannot be capitalised into the acquisition cost, and the disallowance was sustained and the ground was dismissed. Amount paid for delayed possession was treated as requiring factual verification whether it had been claimed in the computation; if not claimed, no disallowance/addition could arise, and the remand direction to the AO for verification was upheld, resulting in dismissal of this ground as well. Case-Laws Income Tax Tue, 30 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784429