https://www.taxtmi.com/caselaws?id=359472 The Tribunal partially allowed the Revenue's appeal, setting aside the CIT(A)'s deletion of the addition towards long-term capital gains and directing verification of the cost of improvement claim. The Tribunal upheld the disallowance of the capital loss from the sale of shares, emphasizing the lack of appropriate valuation. The assessee's cross-objection regarding the cost of construction of improvements was rejected. The decision highlighted the importance of evidence and adherence to legal precedents in capital gains assessment. en-us Tue, 06 Mar 2018 00:00:00 +0530 Tue, 01 May 2018 06:23:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359472 The Tribunal partially allowed the Revenue's appeal, setting aside the CIT(A)'s deletion of the addition towards long-term capital gains and directing verification of the cost of improvement claim. The Tribunal upheld the disallowance of the capital loss from the sale of shares, emphasizing the lack of appropriate valuation. The assessee's cross-objection regarding the cost of construction of improvements was rejected. The decision highlighted the importance of evidence and adherence to legal precedents in capital gains assessment. Case-Laws Income Tax Tue, 06 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359472