Indexed Cost of Land Cannot Be Denied on Presumption: ITAT Hyderabad

Balaji Finance Vs ITO (ITAT Hyderabad)

Indexed Cost of Land Cannot Be Denied on Presumption: ITAT Hyderabad Restores LTCG Issue for Fresh Verification

The Hyderabad Bench of the ITAT condoned an 89-day delay in filing the appeal on medical grounds and set aside the disallowance of indexed cost of acquisition of land while computing long-term capital gains, restoring the matter to the Assessing Officer for fresh verification.

The assessee, a partnership firm

Please become a Premium member. If you are already a Premium member, login here to access the full content.