https://www.taxtmi.com/caselaws?id=470942 Capital gains computation permits expenditure on furnishings, fixtures and other items that are embedded in, or permanently integral to, residential flats as cost of improvement, with consequential indexation. Cash payments alone do not disprove such expenditure where lack of funds is not established. Movable items, including furniture, appliances and entertainment equipment, remain personal effects and cannot be included. Housing-loan interest may be considered as part of acquisition cost only after verification of repayment and interest records, particularly where interest has also been claimed under income from house property, to prevent double deduction. en-us Thu, 14 Jul 2022 00:00:00 +0530 Fri, 14 Aug 2026 10:36:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470942 Capital gains computation permits expenditure on furnishings, fixtures and other items that are embedded in, or permanently integral to, residential flats as cost of improvement, with consequential indexation. Cash payments alone do not disprove such expenditure where lack of funds is not established. Movable items, including furniture, appliances and entertainment equipment, remain personal effects and cannot be included. Housing-loan interest may be considered as part of acquisition cost only after verification of repayment and interest records, particularly where interest has also been claimed under income from house property, to prevent double deduction. Case-Laws Income Tax Thu, 14 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470942