https://www.taxtmi.com/caselaws?id=13385 In capital gains computation, unsupported claims of fractional ownership and related deductions were rejected because the assessee's documents showed absolute ownership and the authorities' factual findings consistently negatived joint ownership. The claim that only an undivided 1/5th share was transferred failed, so capital gains were assessable on the full sale consideration. Additional transfer-related expenditure was disallowed for want of proof of further stamp duty or other costs. The higher cost of improvement was also rejected because the assessee did not establish actual improvement expenditure, and the Revenue's figure was upheld. en-us Mon, 22 Jan 2007 00:00:00 +0530 Thu, 29 Sep 2016 11:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13385 In capital gains computation, unsupported claims of fractional ownership and related deductions were rejected because the assessee's documents showed absolute ownership and the authorities' factual findings consistently negatived joint ownership. The claim that only an undivided 1/5th share was transferred failed, so capital gains were assessable on the full sale consideration. Additional transfer-related expenditure was disallowed for want of proof of further stamp duty or other costs. The higher cost of improvement was also rejected because the assessee did not establish actual improvement expenditure, and the Revenue's figure was upheld. Case-Laws Income Tax Mon, 22 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13385