https://www.taxtmi.com/caselaws?id=185901 The appellant's appeal was allowed by the Tribunal in a case involving disallowance of indexed cost of improvement, computation of capital gain, and levy of interest under Sections 234B and 234C. The Tribunal held that the appellant likely spent Rs. 3,07,946 on improvements based on evidence provided, overturning lower authorities' decision. It was also determined that the actual sale consideration in the deed should be used for exemption purposes under Section 54F. The Assessing Officer was directed to re-compute interest under Sections 234B and 234C. The appeal was allowed, and the order was pronounced on 29th May 2015 in Chennai. en-us Fri, 29 May 2015 00:00:00 +0530 Fri, 02 Sep 2016 11:44:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185901 The appellant's appeal was allowed by the Tribunal in a case involving disallowance of indexed cost of improvement, computation of capital gain, and levy of interest under Sections 234B and 234C. The Tribunal held that the appellant likely spent Rs. 3,07,946 on improvements based on evidence provided, overturning lower authorities' decision. It was also determined that the actual sale consideration in the deed should be used for exemption purposes under Section 54F. The Assessing Officer was directed to re-compute interest under Sections 234B and 234C. The appeal was allowed, and the order was pronounced on 29th May 2015 in Chennai. Case-Laws Income Tax Fri, 29 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185901