https://www.taxtmi.com/caselaws?id=767266 ITAT Hyderabad allowed the assessee's appeal regarding LTCG computation. The AO and DRP had disallowed cost of improvement claims for property transfer, rejecting payments to the developer and contractor solely because bills were on plain paper without VAT registration. The tribunal held that when payments were made by cheque with confirmatory evidence from recipients, the absence of VAT registration cannot invalidate genuine improvement costs. The tribunal directed deletion of additions made towards disallowance of cost of improvement in LTCG computation. en-us Tue, 11 Mar 2025 00:00:00 +0530 Thu, 13 Mar 2025 08:35:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767266 ITAT Hyderabad allowed the assessee's appeal regarding LTCG computation. The AO and DRP had disallowed cost of improvement claims for property transfer, rejecting payments to the developer and contractor solely because bills were on plain paper without VAT registration. The tribunal held that when payments were made by cheque with confirmatory evidence from recipients, the absence of VAT registration cannot invalidate genuine improvement costs. The tribunal directed deletion of additions made towards disallowance of cost of improvement in LTCG computation. Case-Laws Income Tax Tue, 11 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767266