https://www.taxtmi.com/caselaws?id=462155 The ITAT Pune allowed partial relief to a senior citizen widow of military personnel in a long-term capital gains case. The AO had rejected construction and improvement costs despite government-approved valuations and supporting documents including HDFC loan certificates and Defence Account certificates. The tribunal, considering the special circumstances, estimated construction costs at Rs. 5,00,000 (F.Y. 1990-91) and improvement costs at Rs. 4,70,000 (F.Y. 2003-04), directing the AO to calculate indexed costs accordingly. The decision was in addition to previously allowed deductions totaling Rs. 1,87,42,211. en-us Wed, 10 Jul 2024 00:00:00 +0530 Wed, 28 May 2025 18:56:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462155 The ITAT Pune allowed partial relief to a senior citizen widow of military personnel in a long-term capital gains case. The AO had rejected construction and improvement costs despite government-approved valuations and supporting documents including HDFC loan certificates and Defence Account certificates. The tribunal, considering the special circumstances, estimated construction costs at Rs. 5,00,000 (F.Y. 1990-91) and improvement costs at Rs. 4,70,000 (F.Y. 2003-04), directing the AO to calculate indexed costs accordingly. The decision was in addition to previously allowed deductions totaling Rs. 1,87,42,211. Case-Laws Income Tax Wed, 10 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462155