https://www.taxtmi.com/caselaws?id=402696 The ITAT upheld the lower authorities' decision to reject the claimed cost of construction due to the assessee's failure to provide adequate proof, resulting in the dismissal of the miscellaneous application. The Coordinate Bench emphasized the importance of meeting the burden of proof in claiming construction costs, which the assessee failed to do. The decision was based on a thorough review of the sale deed, contractor agreement, and affidavit, finding no substantial evidence supporting the construction claim, leading to the dismissal of the appeal. en-us Wed, 06 Jan 2021 00:00:00 +0530 Sat, 09 Jan 2021 22:48:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402696 The ITAT upheld the lower authorities' decision to reject the claimed cost of construction due to the assessee's failure to provide adequate proof, resulting in the dismissal of the miscellaneous application. The Coordinate Bench emphasized the importance of meeting the burden of proof in claiming construction costs, which the assessee failed to do. The decision was based on a thorough review of the sale deed, contractor agreement, and affidavit, finding no substantial evidence supporting the construction claim, leading to the dismissal of the appeal. Case-Laws Income Tax Wed, 06 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402696