CIT(A) Appeals · NRI · Capital Gains Recomputation
NRI: Capital Gains Addition Substantially Reduced at CIT(A)
Addition Substantially Reduced
Situation
An NRI's property sale was assessed with an incorrect cost of acquisition, inflating the capital gains figure.
Approach
We filed a well-documented appeal with valuation evidence.
Outcome
The addition was substantially reduced.
Identities are anonymized to protect client confidentiality. The situation, approach, and figures reflect an actual engagement.
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