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2019 (1) TMI 1470 - BOMBAY HIGH COURTAdditional expenditure on repairs to qualify for the deduction u/s 54 - ITAT treating the expenditure incurred by the assessee over and above the actual cost of the new property to make it habitable as part of acquisition cost - additional expense is more than that the actual cost of the property - Held that:- Tribunal has recorded the facts. The assessee had pointed out that he had acquired the flat which was a bareshell which required further expenditure to make it habitual. The assessee had to undertake renovation, tiles, furnitures and fixtures had to be fitted as per the instructions of the assessee. The Tribunal thereupon concluded that the Revenue was not correct in questioning such expenditure. We notice that the Tribunal had relied on the decision of the Division Bench of Punjab and Haryana High Court in case of Ashok Syal Vs. Commissioner of Income-tax (2012 (10) TMI 203 - PUNJAB AND HARYANA HIGH COURT) in which somewhat similar view was taken. Eventually, the entire issue is based on facts. The Tribunal has assessed the facts on record and accepted the assessee's claim that the expenditure was shown to make the unit habitable - No question of law arises
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