The assessee claimed expenditure for improvement, toward levelling, boundary work and fencing. The Assessing Officer disallowed the expenditure as the assessee has not proved the expenditure. Tribunal affirmed the order of the Assessing officer. (AY. 2007-08)
Jaico Automobile Engineering Company (P.) Ltd. v. DCIT (2022) 192 ITD 147 (Bang.)(Trib.)
S. 48 : Capital gains-Computation-Cost of improvement-Levelling, boundary work and fencing-Failure to produce evidence-Disallowance of expenditure is justified. [S. 45]