Interest paid on the capital borrowed shall be treated as part of cost of acquisition
Interest paid on the capital borrowed shall be treated as part of cost of acquisition In the case Addl. CIT v K.S.Gupta (1979) 119 ITR 372 (AP) similar views were taken. The Ahmedabad bench of the Tribunal also in ITO v Smt. Pushpaben B. Wadhwani (1986) 16 ITD 704 (Ahd-Trib), held that interest paid loan […]
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