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2010 (2) TMI 811 - AT - Income TaxCapitalization of Interest money on funds borrowed for purchase of Share - cost of acquisition u/s 48 - Held That:- Where entire money has been borrowed by the assessee,with the sloe purpose for acquiring the shares Though the applied shares were not allotted in full, it will not deprive the assessee from claiming the entire interest paid as the part of the cost of the acquisition of the shares allotted as the money borrowed has direct nexus with the acquisition of the shares. Decided in favour of assessee.
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