https://www.taxtmi.com/caselaws?id=269048 The Tribunal upheld the decision to adopt stamp duty value for calculating capital gain instead of actual selling price, emphasizing the significance of credible evidence. The appellant's failure to provide proof supporting the construction claim resulted in the disallowance of the cost of construction and deduction claimed under section 54. The Tribunal affirmed the lower authorities' findings, highlighting the importance of the sale deed and lack of credible evidence to support the construction claim. The appellant's appeal was dismissed based on insufficient evidence. en-us Tue, 29 Sep 2015 00:00:00 +0530 Mon, 08 Aug 2022 12:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269048 The Tribunal upheld the decision to adopt stamp duty value for calculating capital gain instead of actual selling price, emphasizing the significance of credible evidence. The appellant's failure to provide proof supporting the construction claim resulted in the disallowance of the cost of construction and deduction claimed under section 54. The Tribunal affirmed the lower authorities' findings, highlighting the importance of the sale deed and lack of credible evidence to support the construction claim. The appellant's appeal was dismissed based on insufficient evidence. Case-Laws Income Tax Tue, 29 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269048