Held that after examining the balance-sheet, profit and loss account and other documents submitted by the assessee, held that the interest expenditure had been capitalised and not claimed as revenue expenditure, which was not disputed by the Assessing Officer in his remand report. There was no infirmity in the order passed by the Commissioner (Appeals). (AY. 2008-09)
Dy.CIT v. Balaji Hotels and Enterprises Ltd. (2022) 94 ITR 24 (Trib.) (Chennai)(Trib.)
S. 48 : Capital gains-Computation-Cost of acquisition of asset-Interest paid on borrowed capital-Included in cost of acquisition. [S. 45, 49]