https://www.taxtmi.com/caselaws?id=203045 The ITAT upheld the disallowance of the deduction of Rs. 21,80,640 paid for non-use charges in computing capital gain. It determined that the penalty for non-use was not directly related to the transfer of the plots and did not qualify as a cost of improvement. The ITAT dismissed the appeal, emphasizing that the payment was to protect title and possession, not for improving the capital asset. en-us Fri, 19 Nov 2010 00:00:00 +0530 Mon, 02 May 2011 19:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203045 The ITAT upheld the disallowance of the deduction of Rs. 21,80,640 paid for non-use charges in computing capital gain. It determined that the penalty for non-use was not directly related to the transfer of the plots and did not qualify as a cost of improvement. The ITAT dismissed the appeal, emphasizing that the payment was to protect title and possession, not for improving the capital asset. Case-Laws Income Tax Fri, 19 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203045