ITAT Dehradun Grants Ad-hoc Relief on Construction Cost for Lack of Full Proof

Kulavendra Kaur Vs ITO (ITAT Dehradun) ITAT Dehradun: Partial Relief on Cost of Construction—Ad-hoc Allowance Granted in Absence of Complete Proof The Income Tax Appellate Tribunal partly allowed the assessee’s appeal for AY 2016-17, granting partial relief on the claimed cost of construction while sustaining an ad-hoc disallowance. The assessee had sold a residential property for ₹32.72 lakh and declared short-term capital gains, claiming ₹25 lakh as cost of construction. The Revenue disallowed the entire construction cost for want of evidence, which was upheld by the CIT(A). On appea...