https://www.taxtmi.com/highlights?id=105144 Capital-gains computation for a constructed flat sold with an undivided land share must consider credible evidence of both land and construction cost. A registered conveyance is not necessarily conclusive where contemporaneous agreements and housing-finance disbursement, repayment and closure records substantiate construction expenditure. The capital-gains addition was deleted, with recomputation required after allowing the substantiated construction cost and applicable indexation. Reassessment based on property-sale information and non-filing of a return was sustained after notice and prescribed procedure. The unexplained-payment issue involving non-residents remained for determination because the available record lacked transaction details and supporting evidence. en-us Mon, 19 Oct 2026 07:01:13 +0530 Mon, 19 Oct 2026 07:01:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=105144 Capital-gains computation for a constructed flat sold with an undivided land share must consider credible evidence of both land and construction cost. A registered conveyance is not necessarily conclusive where contemporaneous agreements and housing-finance disbursement, repayment and closure records substantiate construction expenditure. The capital-gains addition was deleted, with recomputation required after allowing the substantiated construction cost and applicable indexation. Reassessment based on property-sale information and non-filing of a return was sustained after notice and prescribed procedure. The unexplained-payment issue involving non-residents remained for determination because the available record lacked transaction details and supporting evidence. Highlights Income Tax Mon, 19 Oct 2026 07:01:13 +0530 https://www.taxtmi.com/highlights?id=105144