ARJUN DAS JASUJA,JABALPUR vs. THE CIT (IT & TP), AHMEDABAD
In the result, appeal filed by the assessee is allowed
ITA 796/AHD/2024[2019-20]Status: DisposedITAT Ahmedabad15 Oct 2024AY 2019-20
Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokarआयकर अपील सं /Ita No.796/Ahd/2024 िनधा"रण वष" /Assessment Year : 2019-20 Arjun Das Jasuja The Cit (It & Tp) बनाम/ 16, Nayagaon, Rampur Circle-2 V/S. Jebalpur Ahmedabad Madhya Pradesh – 462 008 "थायी लेखा सं./Pan: Aehpj 3059 D अपीलाथ&/ (Appellant) '( यथ&/ (Respondent) Assessee By : Shri Sapan Usrethe, Ar Revenue By : Shri V. Nand Kumar, Cit-Dr सुनवाई की तारीख/Date Of Hearing : 03/10/2024 घोषणा की तारीख /Date Of Pronouncement: 15/10/2024 आदेश/O R D E R Per Makarand V. Mahadeokar, Am:
For Appellant: Shri Sapan Usrethe, ARFor Respondent: Shri V. Nand Kumar, CIT-DR
Section 143(3)Section 263Section 55(1)(b)
Income from other sources", and the expression "improvement" shall be construed accordingly.
6.3. It is important to note that capital expenditure under Section 55(1)(2) must be incurred to enhance or improve the value of the property. Such expenditure must be distinguishable from revenue expenditure (e.g., repairs or maintenance
