https://www.taxtmi.com/caselaws?id=407304 The Tribunal partially allowed the assessee's appeal, directing the Assessing Officer to permit expenses related to repairs necessary for habitability, such as electrical, water leakage, and plumbing work, as part of the cost of improvement under section 54 of the Income Tax Act. The Tribunal emphasized that only specific repair-related expenses essential for making the house habitable should be considered for deduction, overturning the CIT (A)'s disallowance of certain expenses related to furnishing and additional works in the house. en-us Wed, 28 Apr 2021 00:00:00 +0530 Thu, 06 May 2021 10:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407304 The Tribunal partially allowed the assessee's appeal, directing the Assessing Officer to permit expenses related to repairs necessary for habitability, such as electrical, water leakage, and plumbing work, as part of the cost of improvement under section 54 of the Income Tax Act. The Tribunal emphasized that only specific repair-related expenses essential for making the house habitable should be considered for deduction, overturning the CIT (A)'s disallowance of certain expenses related to furnishing and additional works in the house. Case-Laws Income Tax Wed, 28 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407304