Case Law Analysis
|Income Tax Appellate Tribunal
Indexed Cost of Construction | Sale Deed Omission Does Not Bar Capital Gains Claim When Corroborative Evidence Exists : ITAT Bangalore
The ITAT Bangalore ruled that the absence of building details in a sale deed cannot override credible documentary evidence - such as construction bills, lease agreements, and TDS records - proving actual construction for capital gains computation. This clarifies that tax authorities must evaluate substance over form, empowering property owners to claim indexed costs even when paperwork is incomplete.