SOLAPUR SUGAR LIMITED,,SOLAPUR vs. ASSISTANT COMMISSIONER OF INCOME-TAX, CIRCLE - 2,, SOLAPUR

In the result, appeal of the assessee is dismissed

section 55(1)(b) of the Act observed that these expenses of Rs 13,18,124/- are not cost of improvement and there is no nexus to capital asset. The A.O rejected the computed long term capital gain at Rs. 10,76,08,110/-. 4. The ld. CIT(A) vide para 5.5 of his order observed that ostensibly, the expenses

DCIT,CIR.-1(1),, PUNE vs. MANTRI HOUSING & CONSTRUCTIONS LTD.,, PUNE