Property Sale Deductions Get Second Chance: Capital Gains Recomputed

Vishwajeet Raja Patil Vs AO (ITAT Mumbai) Capital Gains Recomputed A new: ITAT Mumbai Remands Case to Examine Mortgage & Loan Deductions on Property Sale ITAT Mumbai (B Bench) in Vishwajeet Raja Patil & Bharat Raja Patil vs AO (ITA Nos. 4239 & 3700/Mum/2025, AY 2013-14, order dated 23.12.2025) has set aside the capital-gains computation and remanded the matter to the Assessing Officer for de-novo consideration, granting the assessees one more opportunity to substantiate their claims with documentary evidence. The assessees (brothers) jointly sold an immovable property for ₹7 cror...