https://www.taxtmi.com/caselaws?id=781686 ITAT allowed 50% (Rs.11,35,023) of builder payments as cost of acquisition, accepting production of receipts and explaining absence of bank statements. Regarding cost of improvements, ITAT held that embedded, permanent fixtures forming part of the building are allowable but disallowed Rs.5,49,644 as personal effects; the balance claim for fixtures was directed to be allowed. Expenses for travel, boarding, meals, local conveyance and air freight were rejected as not incurred "wholly and exclusively" for the transfer and the related claim was dismissed. en-us Fri, 31 Oct 2025 00:00:00 +0530 Wed, 19 Nov 2025 08:52:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781686 ITAT allowed 50% (Rs.11,35,023) of builder payments as cost of acquisition, accepting production of receipts and explaining absence of bank statements. Regarding cost of improvements, ITAT held that embedded, permanent fixtures forming part of the building are allowable but disallowed Rs.5,49,644 as personal effects; the balance claim for fixtures was directed to be allowed. Expenses for travel, boarding, meals, local conveyance and air freight were rejected as not incurred "wholly and exclusively" for the transfer and the related claim was dismissed. Case-Laws Income Tax Fri, 31 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781686