Cost of improvement allowed for purchase of AC, curtains, light fittings while computing capital gains

Mayur Muljibhai Madhvani Aries Exports P Ltd. Vs ITO (ITAT Chennai) ITAT Chennai held that deduction towards purchase of air conditioner, furnishing of curtains, light fittings is allowable as cost of improvement while computing capital gains. Facts- During the course of assessment proceedings, the AO noticed that the assessee has made investment towards property development to the tune of Rs. 1,35,01,000/-. The assessee was asked to furnish the name and address of the developer to whom the payment made along with source. In response, the assessee stated that he had incurred expenses to get te...