Home / 
Assessee cannot deduct mortgage redemption amount u/s 48 when calculating capital gains from land sale.
X X X X Extracts X X X X
X X X X Extracts X X X X
....Sale of land – repayment of the mortgage debt - assessee cannot claim the redemption amount as deduction under the unambiguous provisions of section 48 to arrive at the capital gains - AT....
TaxTMI
TaxTMI