https://www.taxtmi.com/caselaws?id=787149 Whether indexed cost claimed for demolition of a structure can reduce capital gains on sale of land was examined; the Tribunal observed that demolition expenditure, if genuinely incurred as a pre condition to sale, is relevant to computation under Section 48 and may be treated as cost of improvement or otherwise linked to the transfer, but the record lacked documentary proof and no conclusive factual finding was made. The Tribunal remitted the matter to the Assessing Officer for fresh enquiry and verification, permitting the assessee opportunity to produce evidence; appeal disposed for statistical purposes in favour of the assessee. en-us Fri, 20 Feb 2026 00:00:00 +0530 Fri, 27 Feb 2026 08:36:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787149 Whether indexed cost claimed for demolition of a structure can reduce capital gains on sale of land was examined; the Tribunal observed that demolition expenditure, if genuinely incurred as a pre condition to sale, is relevant to computation under Section 48 and may be treated as cost of improvement or otherwise linked to the transfer, but the record lacked documentary proof and no conclusive factual finding was made. The Tribunal remitted the matter to the Assessing Officer for fresh enquiry and verification, permitting the assessee opportunity to produce evidence; appeal disposed for statistical purposes in favour of the assessee. Case-Laws Income Tax Fri, 20 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787149