https://www.taxtmi.com/caselaws?id=344809 The ITAT partially allowed the appeal regarding the computation of long-term capital gain on the sale of a flat and the disallowance of cost of improvement expenses. The dispute over the completion of the sale of the flat during the relevant year was resolved in favor of the revenue, as possession and full consideration were received. Regarding the improvement expenses, the ITAT directed the assessing officer to allow a partial claim of &8377;2.50 lakh out of the claimed &8377;5.76 lakh. The judgment was pronounced on 26th May 2017. en-us Fri, 26 May 2017 00:00:00 +0530 Wed, 28 Jun 2017 08:26:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344809 The ITAT partially allowed the appeal regarding the computation of long-term capital gain on the sale of a flat and the disallowance of cost of improvement expenses. The dispute over the completion of the sale of the flat during the relevant year was resolved in favor of the revenue, as possession and full consideration were received. Regarding the improvement expenses, the ITAT directed the assessing officer to allow a partial claim of &8377;2.50 lakh out of the claimed &8377;5.76 lakh. The judgment was pronounced on 26th May 2017. Case-Laws Income Tax Fri, 26 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344809