SOLAPUR SUGAR LIMITED,,SOLAPUR vs. ASSISTANT COMMISSIONER OF INCOME-TAX, CIRCLE - 2,, SOLAPUR
In the result, appeal of the assessee is dismissed
ITA 1425/PUN/2018[2015-16]Status: DisposedITAT Pune17 Aug 2022AY 2015-16
For Appellant: Shri Pramod ShingteFor Respondent: Shri Arvind Desai
Section 133(2)Section 35DSection 36Section 55(1)(b)
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
