Friday, April 10, 2015

[aaykarbhavan] Provisional booking of a house property is a 'capital asset'; sum incurred on its improvement is deductible: HC



Provisional booking of a house property is a 'capital asset'; sum incurred on its improvement is deductible: HC

April 10, 2015[2015] 55 taxmann.com 536 (Delhi)
IT: Even where assessee acquired property by provisional booking, he was eligible for section 54 deduction for cost of improvement along with cost of investment
 
Regards
Prarthana Jalan


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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>


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