https://www.taxtmi.com/caselaws?id=770792 ITAT Jaipur denied the appellant's claim for indexed cost of acquisition while computing capital gains, ruling that expenditures on current repairs, maintenance, and furniture cannot be treated as cost of improvement to capital assets. The AO's denial was upheld as lawful. However, the tribunal remanded the matter to the AO on grounds of natural justice, directing that the assessee be given an opportunity to represent their claim with proper verification of facts and due process before final determination of taxable income. en-us Tue, 18 Mar 2025 00:00:00 +0530 Thu, 15 May 2025 12:56:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770792 ITAT Jaipur denied the appellant's claim for indexed cost of acquisition while computing capital gains, ruling that expenditures on current repairs, maintenance, and furniture cannot be treated as cost of improvement to capital assets. The AO's denial was upheld as lawful. However, the tribunal remanded the matter to the AO on grounds of natural justice, directing that the assessee be given an opportunity to represent their claim with proper verification of facts and due process before final determination of taxable income. Case-Laws Income Tax Tue, 18 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770792