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ITAT Chennai Grants Another Opportunity to Substantiate Cost of Improvement Claim
Case Law Details
- Case Name
- Vasagar Vs ITO (ITAT Chennai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2018-19
- Courts
- All ITAT, ITAT Chennai
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Vasagar Vs ITO (ITAT Chennai)
Income Tax Appellate Tribunal (ITAT), Chennai Bench, has granted a taxpayer a fresh opportunity to substantiate a claim of Rs. 18,20,472 towards the cost of improvement, which was disallowed by the Assessing Officer (AO) and subsequently upheld by the Commissioner of Income Tax (Appeals) [CIT(A)] on an ex-parte basis. The ITAT’s decision, pronounced on April 30, 2025, sets aside the orders of both the AO and the CIT(A) and remits the matter back to the AO for a fresh assessment.
The case pertains to the Assessment Year (AY) 2018-19, involving an appeal filed...
