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Income Tax - Highlights / Catch Notes

Home Highlights May 2017 Year 2017 This

Disallowance on account of cost of improvement while computing ...

Case Laws     Income Tax

May 9, 2017

Disallowance on account of cost of improvement while computing the capital gain - The amount of interest paid by the assessee constitutes the actual cost to the assessee for that property. To exclude the interest amount from the actual cost of the assets/property would lead anomalous result - Claim of deduction u/s 24(b) has no bearing - AT

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