https://www.taxtmi.com/forum/issue?id=1400 Deduction of cost of acquisition and cost of improvement is essential to compute capital gain; where value rises due to natural or external factors without owner-incurred expenditure, no cost of improvement may be available to deduct and a taxable profit may not arise. Statutory deeming provisions for specified assets recognise factual appreciation but do not relieve the need for proper application of the charging provision. Distinguish price fluctuation from improvement; taxpayers may preserve objections or pay under protest while contesting tax liability. en-us Wed, 05 Aug 2009 20:03:41 +0530 Thu, 23 Jan 2025 15:58:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1400 Deduction of cost of acquisition and cost of improvement is essential to compute capital gain; where value rises due to natural or external factors without owner-incurred expenditure, no cost of improvement may be available to deduct and a taxable profit may not arise. Statutory deeming provisions for specified assets recognise factual appreciation but do not relieve the need for proper application of the charging provision. Distinguish price fluctuation from improvement; taxpayers may preserve objections or pay under protest while contesting tax liability. Discussion-Forum Income Tax Wed, 05 Aug 2009 20:03:41 +0530 https://www.taxtmi.com/forum/issue?id=1400