https://www.taxtmi.com/caselaws?id=55275 The Tribunal upheld the disallowance of a Rs. 15,00,000 deduction under section 48(i) for computing capital gains, stating it was not incurred wholly and exclusively in connection with the sale transaction. The exclusion of the lift's value from the property cost was affirmed, as the lift had not been sold. The classification of interest income as income from other sources was maintained, as the interest earned on the savings account was not altered by the source of the deposit. The appeal of the assessee was dismissed on all grounds. en-us Fri, 18 Feb 2000 00:00:00 +0530 Thu, 25 Nov 2010 11:01:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55275 The Tribunal upheld the disallowance of a Rs. 15,00,000 deduction under section 48(i) for computing capital gains, stating it was not incurred wholly and exclusively in connection with the sale transaction. The exclusion of the lift's value from the property cost was affirmed, as the lift had not been sold. The classification of interest income as income from other sources was maintained, as the interest earned on the savings account was not altered by the source of the deposit. The appeal of the assessee was dismissed on all grounds. Case-Laws Income Tax Fri, 18 Feb 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55275