https://www.taxtmi.com/caselaws?id=787080 For capital gains computation, the year of acquisition was held to follow the effective transfer reflected by payment of full consideration and delivery of possession, not merely the later date of registration; accordingly, the earlier financial year had to be used for indexation. The assessee was also allowed deduction of the cost of completion and related construction improvements because the registered deeds showed the property changed from semi-finished to fully constructed, and the claim could not be rejected solely for lack of old bills or vouchers where the construction was otherwise evident and similar treatment had been accepted for co-owners. Capital gains were therefore required to be recomputed on that basis. en-us Wed, 28 Jan 2026 00:00:00 +0530 Thu, 26 Feb 2026 07:35:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787080 For capital gains computation, the year of acquisition was held to follow the effective transfer reflected by payment of full consideration and delivery of possession, not merely the later date of registration; accordingly, the earlier financial year had to be used for indexation. The assessee was also allowed deduction of the cost of completion and related construction improvements because the registered deeds showed the property changed from semi-finished to fully constructed, and the claim could not be rejected solely for lack of old bills or vouchers where the construction was otherwise evident and similar treatment had been accepted for co-owners. Capital gains were therefore required to be recomputed on that basis. Case-Laws Income Tax Wed, 28 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787080