https://www.taxtmi.com/article/detailed?id=7014 Determination of cost of improvement for long term capital gains on sale of old or inherited land/building depends on evidence; absent documentary proof, tribunals may restrict unsupported claims but can accept detailed year wise cash flow and source explanations, applying an estimated disallowance to account for defects and thereby allow partial acceptance of claimed improvement costs based on probability and reasonable certainty. en-us Thu, 29 Sep 2016 11:52:51 +0530 Thu, 29 Sep 2016 11:52:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7014 Determination of cost of improvement for long term capital gains on sale of old or inherited land/building depends on evidence; absent documentary proof, tribunals may restrict unsupported claims but can accept detailed year wise cash flow and source explanations, applying an estimated disallowance to account for defects and thereby allow partial acceptance of claimed improvement costs based on probability and reasonable certainty. Articles Income Tax Thu, 29 Sep 2016 11:52:51 +0530 https://www.taxtmi.com/article/detailed?id=7014