https://www.taxtmi.com/caselaws?id=799220 Approved engineer valuation reports support a claimed cost of improvement where construction is undisputed, the report shows no defect, and no contrary valuation material exists. Tax authorities should not replace such a report with unsupported per-square-foot estimates or plinth-area rates without a technical basis or alternative valuation. Long-term capital gains should therefore include the substantiated improvement cost. By contrast, interior expenditure lacking bills, vouchers, or other supporting material does not qualify for the Section 54F deduction. en-us Thu, 03 Sep 2026 00:00:00 +0530 Fri, 18 Sep 2026 07:32:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799220 Approved engineer valuation reports support a claimed cost of improvement where construction is undisputed, the report shows no defect, and no contrary valuation material exists. Tax authorities should not replace such a report with unsupported per-square-foot estimates or plinth-area rates without a technical basis or alternative valuation. Long-term capital gains should therefore include the substantiated improvement cost. By contrast, interior expenditure lacking bills, vouchers, or other supporting material does not qualify for the Section 54F deduction. Case-Laws Income Tax Thu, 03 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799220