Cost of Improvement and due Indexation benefit on House Property is Deductible while computing Capital Gain: ITAT [Read Order]

Cost - House Property - Capital Gain - ITAT - taxscan

The Income Tax Appellate Tribunal(ITAT), Mumbai bench has held that cost of improvement and due indexation benefit on house property is deductible while computing capital gain. The appellant, Komal GurumukhSangtani is an individual NRI and has not filed a return under section 139. The Assessing Officer reopened the assessment after the issue of notice u/s.148…

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