https://www.taxtmi.com/caselaws?id=778153 ITAT held that affidavits and a handwritten diary constitute admissible evidence to substantiate cost of improvement where long time gaps preclude documentary proof. The tribunal found it unreasonable to expect contemporaneous documents after many years and noted limitation periods under the Income-tax Act support the assessee's position. It set aside the CIT(A)'s rejection and directed the AO to allow the claimed improvement cost when computing capital gains, allowing the assessee's ground of appeal. en-us Wed, 13 Aug 2025 00:00:00 +0530 Thu, 11 Sep 2025 08:29:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778153 ITAT held that affidavits and a handwritten diary constitute admissible evidence to substantiate cost of improvement where long time gaps preclude documentary proof. The tribunal found it unreasonable to expect contemporaneous documents after many years and noted limitation periods under the Income-tax Act support the assessee's position. It set aside the CIT(A)'s rejection and directed the AO to allow the claimed improvement cost when computing capital gains, allowing the assessee's ground of appeal. Case-Laws Income Tax Wed, 13 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778153