COMMISSIONER. OF INCOME-TAX versus ATTILI NARAYANA RAO
Capital gains tax deductible assessing real estate-driven real estate business department as a guide to the state government to sell property at a public auction and collect certain amounts for deduction. The proceeds from the sale as security are deducted from the government due to arrears and interest. Balance paid to property The value of the property to be reduced to the extent that interest was generated by the mortgage in favor of the government, the amount paid to the Assisi under section 45 of the Government Indian Income Tax Act, 1961 The interest rate on government capital gains was reduced after the deduction.
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