2002 PTD 1687 BOMBAY-HIGH-COURT-INDIABookmark this Case

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COMMISSIONER OF INCOME-TAX VS Miss PIROJA C. PATEL Indian Income Tax Act 1961--48 , Indian Income Tax Act 1961--55 , ----Capital gains---Deductions---Cost of improvement---Property sold to Bombay Municipal Corporation---Compensation paid for eviction of hutment dwellers from land---Removal of hutment dwellers improved value of lands---Expenditure incurred for vacating land amounted to cost of improvement under S.48(ii)---Expenditure allowable -Indian Income Tax Act, 1961, Ss.48 & 55.