https://www.taxtmi.com/highlights?id=63520 Capital gain computation - cost of acquisition as well as cost of construction - AO has not even attempted to verify the correctness of the cost of land and construction claimed by the assessee. Hence, in the absence of any proper verification and enquiry by the AO, the claim of proportionate cost of acquisition as well as cost of construction based on the valuation report cannot be denied. - AT en-us Wed, 18 May 2022 08:57:07 +0530 Wed, 18 May 2022 08:57:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=63520 Capital gain computation - cost of acquisition as well as cost of construction - AO has not even attempted to verify the correctness of the cost of land and construction claimed by the assessee. Hence, in the absence of any proper verification and enquiry by the AO, the claim of proportionate cost of acquisition as well as cost of construction based on the valuation report cannot be denied. - AT Highlights Income Tax Wed, 18 May 2022 08:57:07 +0530 https://www.taxtmi.com/highlights?id=63520