https://www.taxtmi.com/caselaws?id=400855 For capital gains computation, indexation and cost of acquisition may be linked to the date on which the assessee acquires enforceable rights through allotment and full payment, rather than the later possession certificate; formal possession is therefore not determinative where ownership rights have already crystallised. A claim for cost of improvement in respect of an alleged existing building must be supported by objective evidence of the structure and expenditure, and mere earlier house-property disclosure is insufficient. Credit for TCS reflected in Form 26AS is a verifiable consequential matter and may be granted subject to proof before the Assessing Officer. en-us Wed, 18 Nov 2020 00:00:00 +0530 Fri, 20 Nov 2020 13:55:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400855 For capital gains computation, indexation and cost of acquisition may be linked to the date on which the assessee acquires enforceable rights through allotment and full payment, rather than the later possession certificate; formal possession is therefore not determinative where ownership rights have already crystallised. A claim for cost of improvement in respect of an alleged existing building must be supported by objective evidence of the structure and expenditure, and mere earlier house-property disclosure is insufficient. Credit for TCS reflected in Form 26AS is a verifiable consequential matter and may be granted subject to proof before the Assessing Officer. Case-Laws Income Tax Wed, 18 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400855