ITO v. Prakash Ramkrishna Pophale (2024) 231 TTJ 49 (UO) (Pune) (Trib)

S. 48 : Capital gains-Mode of Computation-Cost of improvement-Payment made to builder-No reference in sales deed-Allowable as deduction. [S. 45]

Held that the CIT(A) has allowed the cost of improvement in the computation of capital gains arising on the sale of property in the hands of the assessee’s spouse (co-owner) and the Revenue has accepted the same, similar claim of cost of improvement cannot be disallowed in the hands of the assessee.. Order of CIT(A) is affirmed.(AY.2017-18)

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