https://www.taxtmi.com/caselaws?id=216551 The ITAT upheld the CIT(A)'s decision in a case concerning the assessment of long term capital gain for the sale of a flat in Bangalore. The Revenue's appeal challenging the CIT(A)'s direction to treat the long term capital gain as 'nil' was dismissed. The ITAT found the evidence presented by the assessee, including confirmation letters and self-certification of payments and improvements, to be sufficient. The judgment emphasized the significance of supporting evidence and accurate assessment of expenses in determining capital gains based on acquisition costs, registration expenses, and improvements. en-us Fri, 29 Jun 2012 00:00:00 +0530 Wed, 05 Sep 2012 16:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216551 The ITAT upheld the CIT(A)'s decision in a case concerning the assessment of long term capital gain for the sale of a flat in Bangalore. The Revenue's appeal challenging the CIT(A)'s direction to treat the long term capital gain as 'nil' was dismissed. The ITAT found the evidence presented by the assessee, including confirmation letters and self-certification of payments and improvements, to be sufficient. The judgment emphasized the significance of supporting evidence and accurate assessment of expenses in determining capital gains based on acquisition costs, registration expenses, and improvements. Case-Laws Income Tax Fri, 29 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216551