AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Officer, merely, based on enquires made with neighbours, disallowed entire expenditure claimed by assessee and Commissioner (Appeals) opining that Assessing Officer should have enquired through a builder who constructed building instead of neighbour,

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