https://www.taxtmi.com/caselaws?id=372481 Indexed cost of improvement was allowable in computing long-term capital gains on compulsory acquisition where the assessee proved post-purchase land improvement through the original deed, acquisition notice, and translated records showing filling of wet land and construction of a compound wall. The factual finding that no evidence of improvement was produced was held incorrect on the record. The claim was therefore allowed, and the Assessing Officer was directed to recompute capital gains by recognising the improvement cost. en-us Wed, 03 Oct 2018 00:00:00 +0530 Fri, 21 Dec 2018 10:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372481 Indexed cost of improvement was allowable in computing long-term capital gains on compulsory acquisition where the assessee proved post-purchase land improvement through the original deed, acquisition notice, and translated records showing filling of wet land and construction of a compound wall. The factual finding that no evidence of improvement was produced was held incorrect on the record. The claim was therefore allowed, and the Assessing Officer was directed to recompute capital gains by recognising the improvement cost. Case-Laws Income Tax Wed, 03 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372481