https://www.taxtmi.com/caselaws?id=338892 The ITAT confirmed the disallowance of Rs. 45.90 lakhs but allowed the deduction of Rs. 99.10 lakhs for the cost of improvement in calculating Long Term Capital Gain, to prevent double taxation. Additionally, the ITAT upheld the Assessee's claim for a deduction of Rs. 1 crore under Section 54EC for investment in infrastructure bonds, dismissing the Revenue's appeal. en-us Tue, 07 Feb 2017 00:00:00 +0530 Tue, 14 Feb 2017 08:48:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338892 The ITAT confirmed the disallowance of Rs. 45.90 lakhs but allowed the deduction of Rs. 99.10 lakhs for the cost of improvement in calculating Long Term Capital Gain, to prevent double taxation. Additionally, the ITAT upheld the Assessee's claim for a deduction of Rs. 1 crore under Section 54EC for investment in infrastructure bonds, dismissing the Revenue's appeal. Case-Laws Income Tax Tue, 07 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338892