https://www.taxtmi.com/caselaws?id=794241 Capital loss on demolition of a factory building was allowed at the claimed figure because the assessee substantiated acquisition of the tenant-constructed building and its inclusion in the block of assets through the cancellation agreement, bank records, ledger accounts, TDS certificate and photographs. The written down value of the relevant block was shown to have increased from the opening balance after the acquisition, and there was no contrary material supporting substitution of that block value on the basis of an alleged mismatch from earlier assessment years. The attempt to reduce the loss by disturbing the opening written down value was therefore unsustainable, and the assessee was entitled to the capital loss as claimed. en-us Mon, 29 Jun 2026 00:00:00 +0530 Thu, 02 Jul 2026 08:07:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794241 Capital loss on demolition of a factory building was allowed at the claimed figure because the assessee substantiated acquisition of the tenant-constructed building and its inclusion in the block of assets through the cancellation agreement, bank records, ledger accounts, TDS certificate and photographs. The written down value of the relevant block was shown to have increased from the opening balance after the acquisition, and there was no contrary material supporting substitution of that block value on the basis of an alleged mismatch from earlier assessment years. The attempt to reduce the loss by disturbing the opening written down value was therefore unsustainable, and the assessee was entitled to the capital loss as claimed. Case-Laws Income Tax Mon, 29 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794241