09/07/2025
๐ Capital Gains Tax Case Highlight
๐
ITAT, 2021 โ Property Sale Calculation
A recent case reveals the importance of proper documentation in claiming Long-Term Capital Gains loss.
๐ก The assessee sold property and claimed indexed improvement cost @ โน312/sq ft.
๐ But the Assessing Officer rejected it for lack of material proof.
โ๏ธ Tribunal upheld the disallowance.
๐ข Takeaway: Always back your claims with solid documentation!
๐ผ Facing similar tax issues?
๐ฉ Reach out to Bhargava Jain & Associates for expert tax advice!
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๐ Services across India
๐ Donโt wait for notices. Plan your taxes right!
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