Tribunal held that the assessee failed to file any evidence to prove that the assessee had incurred expenditure for improvement of impugned immovable asset. The bill which are in the name of Wings Travel Management Pvt. Ltd. are not proof of expenditure incurred by the assessee for improvement of the flat owned by him. The appeal is dismissed . ( AY. 2014 -15 )
Arun Tulshidas Kharat v. DCIT ( 2024) 204 ITD 618 (Pune) (Trib)
S. 48 : Capital gains –Mode of Computation -Cost of improvement- Failure to prove the expenditure incurred – Disallowance of expenditure is affirmed .[S. 45 ]