Monday, October 29, 2018

Amount paid for discharge of Mortgage Interest deductible as Cost of Acquisition: ITAT [Read Order]

The Jaipur bench of Income Tax Appellate Tribunal (ITAT) has held that the amount paid for the discharge of mortgage interest has to be considered as the cost of acquisition for the purpose of determining the capital gain tax liability. In the instant case, the Assessee, an individual filed his return of income. During the […]

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