https://www.taxtmi.com/caselaws?id=426536 The Tribunal dismissed the assessee's appeal, upholding the decision to disallow the claimed cost of improvement for computing Long Term Capital Gains. The Tribunal found the affidavit provided by the assessee insufficient and lacking specific details, emphasizing the importance of concrete evidence to support claims in tax matters. The judgment highlights the necessity of substantiating claims with verifiable documentation to ensure accurate determination of tax liabilities. en-us Tue, 07 Jun 2022 00:00:00 +0530 Sat, 20 Aug 2022 09:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426536 The Tribunal dismissed the assessee's appeal, upholding the decision to disallow the claimed cost of improvement for computing Long Term Capital Gains. The Tribunal found the affidavit provided by the assessee insufficient and lacking specific details, emphasizing the importance of concrete evidence to support claims in tax matters. The judgment highlights the necessity of substantiating claims with verifiable documentation to ensure accurate determination of tax liabilities. Case-Laws Income Tax Tue, 07 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426536