The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has disallowed the indexed cost of acquisition and improvement on failure to produce conveyance deed. The assessee, Padmanabhan Mohan, was an NRI. He filed his return of income on 10-06-2017 declaring income which was selected for scrutiny under CASS. Accordingly, statutory notice under Section 143(2) of…
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