Senior citizen built home on Rs 22 lakh plot, sold for Rs 8 crore, got income tax notice; he fights and wins tax battle at ITAT

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A senior citizen successfully appealed to the ITAT Bangalore, securing partial relief in a tax dispute over the sale of a Bengaluru property. The tribunal allowed a significant portion of his claimed acquisition and improvement costs, overturning the tax officer's disallowance of Rs 11.35 lakh for construction expenses and partially allowing Rs 20.23 lakh for improvements, while disallowing travel expenses.