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1980 (8) TMI 78 - HC - Income TaxExtract: .......rges of Rs. 60,390 paid by the assessee to the Ahmedabad Municipal Corporation could not be considered to be cost of improvement within the meaning of s. 48(ii) of the I.T. Act, 1961. Question No. 2 is, therefore, answered in the negative, i.e., in favour of the assessee and against the revenue. There will be no order as to costs of this reference.
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