https://www.taxtmi.com/caselaws?id=778362 ITAT DELHI - AT upheld the AO and CIT(A) in denying deduction under s.54 for LTCG. The assessee relied solely on a valuer's report without corroborative documentary proof of construction (bills, contractor/architect payments, dates of commencement/completion) or municipal/competent authority permissions. The tribunal found the valuer's report lacked evidential value absent supporting documents and concluded the assessee failed to prove investment in a new house within the statutory period, holding the s.54 claim disallowed and the assessment affirmed against the assessee. en-us Fri, 12 Sep 2025 00:00:00 +0530 Mon, 15 Sep 2025 08:26:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778362 ITAT DELHI - AT upheld the AO and CIT(A) in denying deduction under s.54 for LTCG. The assessee relied solely on a valuer's report without corroborative documentary proof of construction (bills, contractor/architect payments, dates of commencement/completion) or municipal/competent authority permissions. The tribunal found the valuer's report lacked evidential value absent supporting documents and concluded the assessee failed to prove investment in a new house within the statutory period, holding the s.54 claim disallowed and the assessment affirmed against the assessee. Case-Laws Income Tax Fri, 12 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778362