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2019 (12) TMI 364 - AT - Income TaxLong Term capital gains on account of sale of land - assessee’s claim seeking cost of improvement of the impugned capital asset - HELD THAT:- Assessee has not produced even a single expenditure voucher or her oral deposition specifying the nature of such an improvement made to her capital asset. It is in view of this clinching fact only that the Assessing Officer as well as CIT(A) have rejected her claim to be not even prima facie proved. CIT(A) has further made reference to sec. 55(1)(b) (supra) that cost of improvement means expenditure of capital nature incurred in making in addition(s) or alteration to the asset. We sought to know the details of any such improvement in the capital asset. No material much less a cogent evidence has come from assessee’s side except oral submissions. We accept the Revenue’s arguments in this peculiar factual backdrop and affirm the CIT(A)’s detailed discussion that the Assessing Officer had rightly made the impugned long term capital gains addition after distinguishing the assessee’s case law quoted in the lower appellate proceedings (supra). We see no illegality or irregularity in the CIT(A)’s action distinguishing the same on facts. The assessee fails in her sole substantive grievance. - Decided against assessee.
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