Cost of improvements towards capital assets eligible for indexation benefit

P. Vijaya Kumar Vs ITO (ITAT Bangalore) ITAT Bangalore held that expenditure for cost of improvements incurred towards capital assets is eligible for indexation benefit. Facts- During the course of assessment proceedings, the various notices were sent to the assessee and email was also sent to the assessee but the assessee did not respond properly as per the requirement of the AO(Assessing Officer). Accordingly, AO issued show cause to the assessee on 14.11.2018 proposing for assessment u/s 144 of the Income Tax Act. 1961. Even the assessee did not respond to the show cause notice issued by th...