https://www.taxtmi.com/caselaws?id=789661 A mere mismatch between the net loss in the profit and loss account and the business loss after depreciation adjustments did not justify disallowance where no adverse finding was recorded on the genuineness of the claim, so the business loss was deleted. Compensation paid to remove encroachers and secure vacant possession of land was treated as allowable cost of improvement for long-term capital gains because the payments, agreements and banking records sufficiently supported the expenditure. The additions were deleted and the assessee's appeal succeeded in full. en-us Thu, 09 Apr 2026 00:00:00 +0530 Sat, 11 Apr 2026 08:53:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789661 A mere mismatch between the net loss in the profit and loss account and the business loss after depreciation adjustments did not justify disallowance where no adverse finding was recorded on the genuineness of the claim, so the business loss was deleted. Compensation paid to remove encroachers and secure vacant possession of land was treated as allowable cost of improvement for long-term capital gains because the payments, agreements and banking records sufficiently supported the expenditure. The additions were deleted and the assessee's appeal succeeded in full. Case-Laws Income Tax Thu, 09 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789661