Case Law Details
Case Name : Parwati Devi Totlani Vs ITO (ITAT Jaipur)
Related Assessment Year : 2010-11
Courts :
All ITAT ITAT Jaipur
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Parwati Devi Totlani Vs ITO (ITAT Jaipur)
Interest paid on the borrowing made for acquiring Capital Asset (House Property) is part of the cost of acquisition and therefore eligible for indexation and deduction from the Sale Consideration for computation of capital gains.
FULL TEXT OF THE ITAT JUDGEMENT
This is an appeal filed by the assessee against the order of Id. CIT(A)-III, Jaipur dated 28.12.2018 for the assessment years 201011 wherein the limited issue for consideration is non-grant of deduction of interest expenditure as part of cost of construction while computing capital gains...
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