https://www.taxtmi.com/caselaws?id=264803 The ITAT allowed the assessee's claim for the cost of acquisition, holding that the property transfer under a settlement deed should not result in a 'Nil' cost. The ITAT directed a reevaluation of the cost of improvement due to discrepancies, remitting the issue back to the AO for proper examination. The judgment favored the assessee, emphasizing the necessity of thorough verification and due process in determining LTCG deductions. en-us Fri, 04 Sep 2015 00:00:00 +0530 Sat, 03 Oct 2015 11:38:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264803 The ITAT allowed the assessee's claim for the cost of acquisition, holding that the property transfer under a settlement deed should not result in a 'Nil' cost. The ITAT directed a reevaluation of the cost of improvement due to discrepancies, remitting the issue back to the AO for proper examination. The judgment favored the assessee, emphasizing the necessity of thorough verification and due process in determining LTCG deductions. Case-Laws Income Tax Fri, 04 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264803