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Capital Gain can be adjusted against Repairs, Renovation

This query is : Resolved 
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(Querist)
02 June 2010 Dear Sir,
One of my client have sold a building and earned Capital Gain. He also has a self occupied property (ownership-Flat).He has carried out major Repairs & Renovations in the said Flat out of the Capital Gain earned
Can this Capital Gain can be adjusted against the repairs done. If yes then under which section??Plz Comment asap
Thanks
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Manmohan ACA, CS

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Manmohan ACA, CS (Expert)
02 June 2010 No
He can not.
A standard deduction is allowed u/s 24(b) for every repairs and renovation you can not set off it against any Capital gain.
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