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Cost of Acquisition Excludes Indexed Interest if Deductible u/s 24 for Capital Gains Calculation.

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....Capital gain computation - Cost of acquisition - indexed cost of interest paid - The expenditure which is allowable u/s 24 cannot be capitalized, claimed as cost of acquisition. It is settled position of law that when the Statute provides for deduction in particular manner i.e. the AO is bound to compute the income in the manner prescribed under the Statute not in any other manner. - AT....