Tuesday, June 4, 2019

Sum paid to discharge mortgage couldn't be treated as cost of acquisition of property

IT : Where property was mortgaged by assessee after he had acquired property, amount paid by assessee to discharge mortgage debt by sale of said property could not be treated as cost of acquisition so as to allow same as deduction under section 48

from www.taxmann.com Latest Case Laws http://bit.ly/2WmDEif

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