https://www.taxtmi.com/caselaws?id=792136 In capital-gains computation, expenditure deductible under section 48 must have a direct and exclusive nexus with the transfer, so the travel-related claim required fresh factual verification and was remanded to the Assessing Officer. Deposits for maintenance, electricity and water were treated as integral to acquiring possession of the flat and were allowed as part of the cost of acquisition. Interest on the housing loan was also allowed as capital cost and eligible for indexation, as it had not been claimed under the house-property head in earlier years and the relevant limitation objection did not apply. The delay in filing the appeal was condoned for sufficient cause. en-us Wed, 20 May 2026 00:00:00 +0530 Sat, 23 May 2026 08:27:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792136 In capital-gains computation, expenditure deductible under section 48 must have a direct and exclusive nexus with the transfer, so the travel-related claim required fresh factual verification and was remanded to the Assessing Officer. Deposits for maintenance, electricity and water were treated as integral to acquiring possession of the flat and were allowed as part of the cost of acquisition. Interest on the housing loan was also allowed as capital cost and eligible for indexation, as it had not been claimed under the house-property head in earlier years and the relevant limitation objection did not apply. The delay in filing the appeal was condoned for sufficient cause. Case-Laws Income Tax Wed, 20 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792136