Indexed Cost of Improvement Must Be Allowed Even for Cash Payments: ITAT Rajkot

Kishor K. Kasta Vs ITO (ITAT Rajkot)

Indexed Cost of Improvement Must Be Allowed Even for Cash Payments – ITAT Rajkot Reduces Section 50C Addition to ₹3.45 Lakhs

The Rajkot Bench of the ITAT partly allowed the assessee’s appeal for AY 2015-16 and granted relief on computation of capital gains by directing allowance of indexed cost of improvement of ₹5 lakhs, thereby substantially reducing the addition made u

Please become a Premium member. If you are already a Premium member, login here to access the full content.