1997 (7) TMI 5 - SUPREME COURT

Computation Of Capital - Since the title of the assessee to the immovable properties acquired was not incomplete and imperfect in any way, it cannot also be said that as a result of the payment of the estate duty by the assessee, there was an improvement in the title of the assessee and the said payment could be regarded as "cost of improvement" under section 48 - Held that estate duty was not deductible in computing capital gains.