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ITAT Directs AO to Allow Indexed Cost of Improvement & Recompute Capital Gains

CA Sandeep Kanoi 02 Feb 2024 7,329 Views 1 comment Print Income Tax | Judiciary

Case Law Details

Case Name : Ashwin Kapur Vs ACIT (ITAT Delhi)

Appeal Number : I.T.A No.474/Del/2023

Date of Judgement/Order : 08/12/2023

Related Assessment Year : 2020-21

Courts : All ITAT ITAT Delhi

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Ashwin Kapur Vs ACIT (ITAT Delhi)

Introduction: The appeal by Ashwin Kapur against the final assessment order dated 19.01.2023 is based on the denial of indexed cost of improvement for the property sold during the assessment year 2020-21. The Assessing Officer (A

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Name: CA Sandeep Kanoi

Qualification: CA in Job / Business

Company: Taxguru Consultancy / Taxguru Edu

Location: Mumbai, Maharashtra, India

Member Since: 27 Feb 2017 | Total Posts: 5704

A Blogger by Passion and a Chartered Accountant by Profession. View Full Profile

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One Comment

Ashoke Mukherjee says:

Please arrange to send complete text of penalty u/s271(1)(c) regarding LIMB published on 010224 Thanks

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February 3, 2024 at 10:29 pm