Deduction : Where assessee was gifted a property by his parents and he sold property and offered capital gains to tax after claiming deduction of interest paid to a party on loan taken from him to pay amount to family members as per family settlement, since payment of interest had nothing to do with capital gains, deduction of interest paid was not allowable – Sanjay Atchut Poy Raiturcar v. Income-tax Officer – [2024] 158 taxmann.com 176 (Panaji – Trib.)
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