Case Law Details
Case Name : DCIT Vs Simplex Realty Limited (ITAT Mumbai)
Related Assessment Year : 2010-11
Courts :
All ITAT ITAT Mumbai
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DCIT Vs Simplex Realty Limited (ITAT Mumbai)
ITAT Mumbai held that interest cost incurred towards acquisition of the clear title of the property is allowable as cost of acquisition.
Facts- The assessee is a widely held public limited company that earlier owned a textile mill land which was converted into a residential house and the assessee entered into the real estate business. The assessee entered into an agreement with Godrej Properties Limited (GPL) for the deve
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