ITAT allowed the appellant's appeal for statistical purposes,...

ITAT allowed the appellant's appeal for statistical purposes, holding that indexation benefit must be computed from the year of construction (FY 2002-03) as recited in the sale deed, reversing the CIT(A)'s direction to commence indexation from 2011. The Tribunal directed the AO to treat cost of acquisition as including construction cost for both ground and first floors (2255.5 sq. ft. each) at Rs. 261 per sq. ft. The AO is further directed to verify submitted sale deed documents relating to the property sold for Rs. 9,28,000 and, upon proof, to allow the claimed cost of acquisition while computing capital gains.