Case Law Details
Janardhan Gupta Vs DCIT (ITAT Delhi)
ITAT find that as emanating from the facts narrated above, the revenue authorities have disallowed the assessee’s claim of cost of purchase and cost of improvement de hors any corroborative evidences. In our considered opinion, there is no infirmity in the orders of the authorities below as onus is upon the assessee to cogently prove the cost of acquisition and cost of improvement. Since, the assessee has miserably failed in this case to produce necessary evidence; therefore, the authorities below are correct in making the disallowance. Hence, we do not find any infirmity in the order of the Ld. CIT(A), we uphold the same.
FULL TEXT OF THE ORDER OF ITAT DELHI
This appeal by the assessee is directed against the order of the Ld. CIT(A)-5, New Delhi, dated 20.03.2017 pertaining to Assessment Year 2012-13.
2. The grounds of appeal read as under:-
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