Expense incurred to remove impediments/ encumbrances allowable as cost of improvement

Nitaben M. Patel Vs ACIT (ITAT Ahmedabad)

ITAT Ahmedabad held that the expenses incurred to remove impediments or encumbrances in way of transfer of capital asset has to be allowed as deduction under the head ‘cost of improvement’ while computing taxable amount of capital gain.

Facts- The appellant filed a return of income for the year under consideration on 17.10.2016 declaring total income. The appellant earned long term capital gain out of the tran

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