Court Rules Leasehold to Freehold Conversion Costs Deductible as Improvement in Capital Gain Computation u/s 48.

Capital gain computation - allowability of deduction u/s 48 towards cost of improvement with respect to amount paid by the assessee towards his share towards conversion of aforesaid property from leasehold to freehold - the assessee will be allowed as cost of improvement of the amount paid towards his share for conversion of aforesaid leasehold land to freehold. - AT .....

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