https://www.taxtmi.com/caselaws?id=334273 The Tribunal upheld the penalty imposed under section 271(1)(c) for the disallowed claim of indexed cost of improvement in the computation of capital gains. The decision was based on the lack of evidence supporting the claim and the inconsistency between the valuation report and the claimed expenditure. en-us Fri, 30 Sep 2016 00:00:00 +0530 Tue, 08 Nov 2016 11:44:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334273 The Tribunal upheld the penalty imposed under section 271(1)(c) for the disallowed claim of indexed cost of improvement in the computation of capital gains. The decision was based on the lack of evidence supporting the claim and the inconsistency between the valuation report and the claimed expenditure. Case-Laws Income Tax Fri, 30 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334273