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1 - 7 of 7 (0.22 seconds)Section 48 in The Income Tax Act, 1961 [Entire Act]
K.V. Idiculla vs Commissioner Of Income-Tax on 23 November, 1994
2. Idiculla (KV) Vs CIT (1995) 214 ITR 386
wherein the Hon'ble Kerala High Court has held
that the improvement cost which is liable to be
deducted should be an improvement to the asset
itself, and not an improvement of the owner's title
to the asset
.
Emerald Valley Estates Ltd. vs Commissioner Of Income-Tax on 3 November, 1995
1. Emerald Valley Estates Ltd., Vs CIT(1996)
22 ITR 799, wherein the Hon'ble Karnataka High
Court has held that the only expenditure
incurred wholly and exclusively in connection
with such transfer of property is allowable and
13 ITA No.1232(B)2010
the expression 'cost of improvement' as defined in
Sec.55 of the IT Act is capital expenditure
incurred in making any additions or alterations
to the capital asset in question.
Section 54EC in The Income Tax Act, 1961 [Entire Act]
Section 55 in The Income Tax Act, 1961 [Entire Act]
The Income Tax Act, 1961
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