Cost of consumable cannot be claimed as cost of improvement of Capital Assets

Meeta Hasmukh Gandhi Vs ITO (ITAT Mumbai)

From the details, it is evident that assessee is claiming cost of improvement, which are consumable items on account of furnishing sofa etc. The authorities below are correct that these items cannot be considered as cost of improvement for computation of capital gain.

FULL TEXT OF THE ORDER OF ITAT MUMBAI

This appeal by the assessee is directed against the order of learned Commissioner of Income Tax (Appeals)-38 dated 29.05.2019 and pertains to assessment year 2016-17.

2. Grounds of appeal read as under:-

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