https://www.taxtmi.com/caselaws?id=437603 The appellant, a non-resident individual, contested the addition of indexed cost of improvement in a property transaction. The Tribunal found discrepancies in the evidence provided by the appellant and upheld the AO's decision to disallow the claimed cost of development. An alternate ground for an increase in deduction under section 54F was raised, with the Tribunal directing the AO to verify and provide the appropriate deduction. The appeal was partly allowed for statistical purposes, with the Tribunal's order pronounced on 11th April, 2023. en-us Tue, 11 Apr 2023 00:00:00 +0530 Wed, 10 May 2023 08:47:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437603 The appellant, a non-resident individual, contested the addition of indexed cost of improvement in a property transaction. The Tribunal found discrepancies in the evidence provided by the appellant and upheld the AO's decision to disallow the claimed cost of development. An alternate ground for an increase in deduction under section 54F was raised, with the Tribunal directing the AO to verify and provide the appropriate deduction. The appeal was partly allowed for statistical purposes, with the Tribunal's order pronounced on 11th April, 2023. Case-Laws Income Tax Tue, 11 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437603