https://www.taxtmi.com/caselaws?id=401117 Amenities charges paid under a separate amenities agreement were treated as part of the cost of acquisition of a flat for capital gains computation. The Tribunal noted that the claim had already been accepted in principle, subject only to a limited remand to verify whether similar agreements existed for other flat owners. Once the subsequent enquiry showed comparable agreements with other owners, the authorities could not reject the claim again on genuineness grounds. The inclusion of the charges in the assessee's balance sheet also supported the claim. The disallowance was therefore unsustainable. en-us Thu, 26 Nov 2020 00:00:00 +0530 Fri, 27 Nov 2020 11:19:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401117 Amenities charges paid under a separate amenities agreement were treated as part of the cost of acquisition of a flat for capital gains computation. The Tribunal noted that the claim had already been accepted in principle, subject only to a limited remand to verify whether similar agreements existed for other flat owners. Once the subsequent enquiry showed comparable agreements with other owners, the authorities could not reject the claim again on genuineness grounds. The inclusion of the charges in the assessee's balance sheet also supported the claim. The disallowance was therefore unsustainable. Case-Laws Income Tax Thu, 26 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401117