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Cost of improvement in sale of tenancy rights

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(Querist)
16 January 2024 Capital asset being tenancy right in home is.sold to another tenant.

My.view -- acquisition cost will be nil due to tenancy rights bought before 2001 for no cost (if no cost is incurred before 2001) ,so fmv cant be taken..

But my q is.. can we take cost of improvement over the years from 2001 till today? Like repairs etc?

My view yes..n just index that cost of improvement

My q is..can we take cost of improvement
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Aashok Kumar Sharma online

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Aashok Kumar Sharma online (Expert)
20 January 2024 https://taxguru.in/income-tax/section-55-cost-acquisition-improvement.html
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