Capital Gain Deduction Denied: Lack of Evidence for Improvement Costs, Quotation Insufficient for Proof of Expenses.

Capital Gain Deduction Denied: Lack of Evidence for Improvement Costs, Quotation Insufficient for Proof of Expenses. https://www.taxtmi.com/highlights?id=46882 Computation of capital gain - evidence of cost of improvement - claim of the assessee was rightly rejected by authority below in the absence of the bills of material and labour or any proof of having incurred renovation expenditure - quotation was not an evidence of actual expenditure - no substantial question of law arise en-us Fri, 31 May 2019 09:20:07 +0530 Fri, 31 May 2019 09:20:07 +0530 TaxTMI RSS Generator Capital Gain Deduction Denied: Lack of Evidence for Improvement Costs, Quotation Insufficient for Proof of Expenses. https://www.taxtmi.com/highlights?id=46882 Computation of capital gain - evidence of cost of improvement - claim of the assessee was rightly rejected by authority below in the absence of the bills of material and labour or any proof of having incurred renovation expenditure - quotation was not an evidence of actual expenditure - no substantial question of law arise Highlights Income Tax Fri, 31 May 2019 09:20:07 +0530 https://www.taxtmi.com/highlights?id=46882