Assessee was aggrieved by disallowance of expenditure incurred for construction of gala (industrial building) while computing capital gains. CIT (A) and Tribunal held that in absence of confirmation from parties from which material was purchased contention of assessee was not acceptable. On appeal the Court held that issue being a question of fact, appeal of assessee did not give rise to any substantial question of law. (AY. 2010-11)
Vipin Mehta v. CIT (2020) 270 Taxman 67 (Bom.)(HC)
S. 48 : Capital gains-Computation-Industrial building-Failure to produce confirmation-Expenses in relation to cost of construction of gala is held to be not allowable as deduction. [S. 45, 260A]