Capital Gain Tax Calculation: No Evidence of Building, No Cost Improvement Benefits for Property Owner.

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....Computation of capital gain tax - computing the inflation cost of the asset - Since the assessee has not furnished any revenue record to show that there is a building or evidence regarding power connections or water connections, in the absence of this evidence, it has to be noted that there is no building in the scheduled property and the assessee is not entitled for any benefit of cost of improvement. - AT....