https://www.taxtmi.com/caselaws?id=788356 Condonation of a 348 day delay was granted and the appeal admitted; on the substantive tax issue the tribunal, while noting absence of documentary proof for improvement expenditure, relied on the registered sale agreement confirming a constructed triple storeyed building and, in the interest of justice, exercised discretion to allow 80% of the claimed improvement cost as indexed cost of improvement. The assessing officer is directed to recompute indexed cost adopting 80% of claimed amounts. The lower authority's finding on this point is set aside and the appeal is partly allowed. en-us Tue, 10 Feb 2026 00:00:00 +0530 Fri, 20 Mar 2026 08:35:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788356 Condonation of a 348 day delay was granted and the appeal admitted; on the substantive tax issue the tribunal, while noting absence of documentary proof for improvement expenditure, relied on the registered sale agreement confirming a constructed triple storeyed building and, in the interest of justice, exercised discretion to allow 80% of the claimed improvement cost as indexed cost of improvement. The assessing officer is directed to recompute indexed cost adopting 80% of claimed amounts. The lower authority's finding on this point is set aside and the appeal is partly allowed. Case-Laws Income Tax Tue, 10 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788356