https://www.taxtmi.com/caselaws?id=342610 The Tribunal directed the Assessee to provide detailed evidence of construction expenditure to substantiate the claim and emphasized the need for thorough verification of expenses, including obtaining necessary licenses. The issue of claimed construction cost was restored to the Assessing Officer for fresh verification. The Assessee's appeal was allowed for statistical purposes, stressing the importance of substantiating expenses in capital gains calculations and fulfilling regulatory requirements to support expenditure claims in property transactions. en-us Fri, 31 Mar 2017 00:00:00 +0530 Tue, 09 May 2017 07:39:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342610 The Tribunal directed the Assessee to provide detailed evidence of construction expenditure to substantiate the claim and emphasized the need for thorough verification of expenses, including obtaining necessary licenses. The issue of claimed construction cost was restored to the Assessing Officer for fresh verification. The Assessee's appeal was allowed for statistical purposes, stressing the importance of substantiating expenses in capital gains calculations and fulfilling regulatory requirements to support expenditure claims in property transactions. Case-Laws Income Tax Fri, 31 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342610