https://www.taxtmi.com/caselaws?id=467671 Indexed cost of improvement under section 48 was allowed only to the extent supported by the record. The property was treated as an old construction needing renovation, but the claimed expenditure said to relate to 1990-91 was found impossible to incur on the available material. Indexed cost was accepted only for expenditure attributable to 1981-82 and 1983-84, and the claim was restricted accordingly. The assessee therefore received only partial relief, with the disallowance reduced proportionately. en-us Mon, 17 Feb 2025 00:00:00 +0530 Fri, 27 Mar 2026 18:55:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467671 Indexed cost of improvement under section 48 was allowed only to the extent supported by the record. The property was treated as an old construction needing renovation, but the claimed expenditure said to relate to 1990-91 was found impossible to incur on the available material. Indexed cost was accepted only for expenditure attributable to 1981-82 and 1983-84, and the claim was restricted accordingly. The assessee therefore received only partial relief, with the disallowance reduced proportionately. Case-Laws Income Tax Mon, 17 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467671