ITAT allows Increase in Proportionate Capital Gains Deduction u/s 54F for Disallowance of Indexed Cost of Improvement: ITAT [Read Order]

ITAT - Proportionate - Capital - Gains - Deduction - Disallowance - Indexed - Cost - of - Improvement - ITAT - TAXSCAN

The Pune bench of Income Tax Appellate Tribunal (ITAT) has allowed increase in proportionate capital gain deduction under Section 54F of the Income Tax Act, 1961 for disallowance of index cost of improvement. Section 54F of the Income Tax Act provides tax exemption to long term capital gain earned from selling any capital asset other…

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