2019 (1) TMI 1470

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.... Tax Appellate Tribunal ("Tribunal" for short) dated 29th May, 2015. 2. Following question is presented for our consideration: "Whether, on the facts and in the circumstances of the case and in law, the Income Tax Appellate Tribunal was justified in treating the expenditure incurred by the assessee over and above the actual cost of the new property to make it habitable as part of acquisition cos....

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.... the Revenue reached the Tribunal. The Tribunal rejected the Revenue's appeal referring to and relying upon several earlier decisions of the Tribunal and holding that the expenditure was for the purpose of making the residential unit habitable. In the process the Tribunal also confirmed the view of the CIT appeals that to the extent of Rs. 23,28,562/which was expenditure incurred by the assess....