Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2013 (5) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2013 (5) TMI 554 - ITAT KOLKATADisallowance of expenditure in computing the income under the head capital gains - Held that:- From the proposition of law laid down in Rama Gowda Vs. M. Varadappa Naidu [2003 (12) TMI 583 - SUPREME COURT] and considering the facts of the present case where the title is defective, incomplete or imperfect, the cost of making the title complete and perfect can be treated as the 'cost of acquisition' falling u/s. 48. Even adverse possession is a possession having attached rights. The rights are in the nature of occupation and in case the landlord wants to vacate it he has to take legal recourse. In such circumstances, claim of the assessee allowed as deductible u/s. 48. Appeal of assessee is allowed.
|