Assessee Denied Long-Term Capital Gains Tax Benefits Due to Lack of Evidence for Cost of Improvements.

Assessee Denied Long-Term Capital Gains Tax Benefits Due to Lack of Evidence for Cost of Improvements. https://www.taxtmi.com/highlights?id=69288 Long Term Capital Gains - benefit of indexation on cost of improvement incurred - The assessee had failed to demonstrate by any evidence the cost of improvement like bills / vouchers, approval of the local authorities and claim of expenditure claimed in the earlier return of incomes. Assessee is not entitled to the relief claimed in these appeals. - AT en-us Tue, 18 Apr 2023 13:40:38 +0530 Tue, 18 Apr 2023 13:40:38 +0530 TaxTMI RSS Generator Assessee Denied Long-Term Capital Gains Tax Benefits Due to Lack of Evidence for Cost of Improvements. https://www.taxtmi.com/highlights?id=69288 Long Term Capital Gains - benefit of indexation on cost of improvement incurred - The assessee had failed to demonstrate by any evidence the cost of improvement like bills / vouchers, approval of the local authorities and claim of expenditure claimed in the earlier return of incomes. Assessee is not entitled to the relief claimed in these appeals. - AT Highlights Income Tax Tue, 18 Apr 2023 13:40:38 +0530 https://www.taxtmi.com/highlights?id=69288