Cost incurred in furnishing flat is allowed as cost of improvement under capital gain

Vandana Mathur Vs ITO (ITAT Delhi)

ITAT Delhi held that cost of incurred in furnishing the flat is allowable as cost of improvement and the capital gain is to be calculated accordingly. Thus, appeal of the assessee is allowed.

Facts- Vide the present appeal, the appellant has expressed grievance regarding disallowance of index cost of improvement amounting Rs.49,64,602/- while working out the capital gain on sale of property whereas assessee/ appellant correctly claimed cost of improvement incurred in furnishing the flat.

The appellant has also contes

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