76 results for “capital gains”+ Section 151clear
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The appeal of the assessee is allowed for statistical purposes with the direction that the Assessing
Bench: Shri Inturi Rama Rao & Shri Sonjoy Sarma
capital gains. It is submitted that the assessee had purchased a plot of land and thereafter constructed a residential house on the said land without engaging any external contractor. The construction was self-managed and funded by the assessee. The assessee supported the cost of construction claim by furnishing a valuation certificate from a registered valuer estimating the construction cost