https://www.taxtmi.com/caselaws?id=36603 The High Court held that the betterment charges paid by the assessee should be considered as the cost of improvement under section 48(ii) of the Income Tax Act, 1961. The court found that these charges contributed to the enhancement of the land's value, qualifying them as capital expenditure. Consequently, the court ruled in favor of the assessee, disagreeing with the Tribunal's decision on the treatment of the betterment charges. No costs were awarded in this matter. en-us Tue, 05 Aug 1980 00:00:00 +0530 Tue, 23 Mar 2010 13:19:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36603 The High Court held that the betterment charges paid by the assessee should be considered as the cost of improvement under section 48(ii) of the Income Tax Act, 1961. The court found that these charges contributed to the enhancement of the land's value, qualifying them as capital expenditure. Consequently, the court ruled in favor of the assessee, disagreeing with the Tribunal's decision on the treatment of the betterment charges. No costs were awarded in this matter. Case-Laws Income Tax Tue, 05 Aug 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36603