Failure of Assessee to Substantiate Enhanced Cost of Acquisition with Cogent Evidence: ITAT upholds Disallowance of Excess Cost [Read Order]

By Gayathri C.H - On May 20, 2023 7:30 am - 2 mins read
Failure of Assessee - Cost of Acquisition - Cost of Acquisition with Cogent Evidence - ITAT - ITAT upholds Disallowance of Excess Cost - Excess Cost - taxscan

The Income Tax Appellate Tribunal (ITAT), Pune Bench, has recently, in an appeal filed before it, on the assessee’s failure to substantiate enhanced cost of acquisition with cogent evidence, upheld the disallowance of excess cost. The aforesaid observation was made by the Pune ITAT, when an appeal was preferred before it by the assessee, being…

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