Without supporting indexation benefit cannot be denied by AO
Last updated: 09 November 2012
Court :
INCOME TAX APPELLATE TRIBUNAL
Brief :
On the facts and in the circumstances of the case and in law, the ld CIT(A) erred in deleting the addition made on account of rejection of indexed cost without appreciating the facts that the assessee has not produced any evidence for acquisition cost as well as for the cost of improvement.”
Citation :
ITO 25(1)(3), R.No.306, 3rd floor, Building, C-10, Pratyakakhar Bhavan, Bandra Kurla Complex, Bandra (E),Mumbai (Appellant)Vs.Shri Arjun B Bhandari,Shop No.419, Aunty Chawl, S.V.Road,Daulat Nagar, Borivali(E),Mumbai-66 PA No.AADPB 1074 E (Respondent)
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CS Bijoy
Published in Income Tax
Views : 1338
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