2025 (9) TMI 642

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....Revenue : Shri Balusamy N, JCIT (DR) ORDER PER WASEEM AHMED, ACCOUNTANT MEMBER: This is an appeal filed by the assessee against the order passed by the NFAC, Delhi vide order dated 24/12/2024 in DIN No. ITBA/ NFAC/S/250/2024-25/1071517015(1) for the assessment year 2015-16. 2. The only issue raised by the assessee is that the learned CIT-A erred in denying the cost of improvement of Rs....

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....on should be allowed to the assessee. However, the ld. CIT(A) in the absence of supporting documents, justifying the cost of improvement claimed by the assessee, has upheld the finding of the AO. 7. Being aggrieved by the order of the ld. CIT(A), the assessee is in appeal before us. 8. The ld. AR before us filed additional evidences in the form of Affidavit of the assessee and his mother to ....

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....r of the authorities below. 10. We have heard the rival contentions of both parties and perused the materials on record. The admitted fact is that the assessee acquired necessary property from his mother in the earlier year, which was sold in the year under consideration. As per the assessee, his mother has incurred cost of improvement of Rs. 14,50,000/- in the year 2004, which was claimed as d....

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....ntary evidence, the Tribunal held that Abe assessee's claim of cost of improvement could not be brushed aside solely on that ground. The sworn affidavit of the assessee, supported by circumstantial evidence and consistent explanation, was deemed acceptable to substantiate the expenditure." 10.2 From the above order of the Tribunal, it is transpired that the Affidavit are piece of evidence a....