[aaykarbhavan] Interest paid on loan to acquire shares couldn't treated as its cost of acquisition if interest wasn't capitalized

Interest paid on loan to acquire shares couldn't treated as its cost of acquisition if interest wasn't capitalized

November 8, 2014[2014] 49 taxmann.com 567 (Mumbai - Trib.)

IT : Where interest expenditure on loan taken for making investment in shares was not capitalized, said interest was not to be deductible against short-term capital gain on shares

 

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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