https://www.taxtmi.com/caselaws?id=469060 Interest disallowance was deleted because the issue was already covered in the assessee's favour in its own earlier year. In computing capital gains on the sale of immovable property, the addition based on a stamp duty valuation difference was also deleted because the declared sale value and stamp value differed by less than 5%. However, the amount attributable to the landowners' society was not allowed as a deduction, as capital gains had to be computed on the sale consideration in the deed and only transfer-related expenses were deductible. The assessee received full relief on interest and partial relief on capital gains. en-us Fri, 28 Mar 2025 00:00:00 +0530 Mon, 01 Jun 2026 18:58:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469060 Interest disallowance was deleted because the issue was already covered in the assessee's favour in its own earlier year. In computing capital gains on the sale of immovable property, the addition based on a stamp duty valuation difference was also deleted because the declared sale value and stamp value differed by less than 5%. However, the amount attributable to the landowners' society was not allowed as a deduction, as capital gains had to be computed on the sale consideration in the deed and only transfer-related expenses were deductible. The assessee received full relief on interest and partial relief on capital gains. Case-Laws Income Tax Fri, 28 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469060