https://www.taxtmi.com/caselaws?id=788346 Whether interest on funds borrowed to purchase virtual digital assets can be treated as part of cost of acquisition for computing short-term capital gains: the analysis found a factual nexus between the loan and the capital asset acquisition and applied the principle that borrowing costs exclusively used to acquire a capital asset must be capitalised as part of its cost; statutory restriction on deductions permits only cost of acquisition for the purpose, and accordingly the interest disallowed by the Assessing Officer under general deduction provisions was held allowable as part of cost for computing short-term capital gains in favour of the assessee. en-us Tue, 03 Feb 2026 00:00:00 +0530 Fri, 20 Mar 2026 08:35:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788346 Whether interest on funds borrowed to purchase virtual digital assets can be treated as part of cost of acquisition for computing short-term capital gains: the analysis found a factual nexus between the loan and the capital asset acquisition and applied the principle that borrowing costs exclusively used to acquire a capital asset must be capitalised as part of its cost; statutory restriction on deductions permits only cost of acquisition for the purpose, and accordingly the interest disallowed by the Assessing Officer under general deduction provisions was held allowable as part of cost for computing short-term capital gains in favour of the assessee. Case-Laws Income Tax Tue, 03 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788346