https://www.taxtmi.com/caselaws?id=38594 The High Court of Kerala ruled that the amount spent on clearing a mortgage did not qualify as an improvement to the original asset under the Income-tax Act, 1961. The Court upheld the decision of the Tribunal, denying the deduction claimed by the assessee for improvement costs. The judgment favored the department, and each party was directed to bear their respective costs. en-us Wed, 22 Jun 1977 00:00:00 +0530 Wed, 07 Apr 2010 14:49:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38594 The High Court of Kerala ruled that the amount spent on clearing a mortgage did not qualify as an improvement to the original asset under the Income-tax Act, 1961. The Court upheld the decision of the Tribunal, denying the deduction claimed by the assessee for improvement costs. The judgment favored the department, and each party was directed to bear their respective costs. Case-Laws Income Tax Wed, 22 Jun 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38594