https://www.taxtmi.com/caselaws?id=410449 For capital gains computation under Section 48, where an apartment is acquired under an allotment or development arrangement, indexation of cost of acquisition runs from the date the assessee acquires the property right and starts making payments, not from the later date of registration of the conveyance. The claim for cost of improvement towards interiors was rejected because it was not supported by bills or vouchers, and mere assertions were insufficient to prove actual expenditure. The resulting computation therefore allowed earlier indexation but disallowed the unsubstantiated improvement claim. en-us Thu, 29 Jul 2021 00:00:00 +0530 Mon, 02 Aug 2021 18:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410449 For capital gains computation under Section 48, where an apartment is acquired under an allotment or development arrangement, indexation of cost of acquisition runs from the date the assessee acquires the property right and starts making payments, not from the later date of registration of the conveyance. The claim for cost of improvement towards interiors was rejected because it was not supported by bills or vouchers, and mere assertions were insufficient to prove actual expenditure. The resulting computation therefore allowed earlier indexation but disallowed the unsubstantiated improvement claim. Case-Laws Income Tax Thu, 29 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410449