https://www.taxtmi.com/caselaws?id=751271 ITAT Delhi allowed assessee's appeal regarding transfer expenses deduction under section 48 capital gains computation. Despite absence of written commission agreements, tribunal held that payments made through bank account established genuineness of transfer expenses, citing real estate practice of oral instructions. However, ITAT upheld disallowance of cost of improvement claims for cash expenses to contractor, finding inadequate documentation regarding construction details, cash source, and contractor verification. Tribunal declined to consider fresh pleas raised for first time on appeal without reasonable cause for non-submission before AO/DRP. en-us Mon, 08 Apr 2024 00:00:00 +0530 Wed, 10 Apr 2024 11:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751271 ITAT Delhi allowed assessee's appeal regarding transfer expenses deduction under section 48 capital gains computation. Despite absence of written commission agreements, tribunal held that payments made through bank account established genuineness of transfer expenses, citing real estate practice of oral instructions. However, ITAT upheld disallowance of cost of improvement claims for cash expenses to contractor, finding inadequate documentation regarding construction details, cash source, and contractor verification. Tribunal declined to consider fresh pleas raised for first time on appeal without reasonable cause for non-submission before AO/DRP. Case-Laws Income Tax Mon, 08 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751271