Section 263 Revision: Deductions for Improvements Rejected as Only Vacant Land Sold, Revising Capital Gains Calculation.

Revision of assessment order - computation of long term capital gain against the sale of immovable property - claim of deduction towards indexed cost of construction of compound wall and the cost of improvements - assessee has only transferred vacant land to the purchaser - there is no question of deductions so claimed - Revision order u/s 263 sustained. .....

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