LTCG deposit closure is questioned by the assessing officer why construction cost not included for registration

guidance value of an apartment which was booked with the builder during 2008, and took the possession in 2010. during the registration process, the builder registered under karnataka registration act the uds land portion cost ( based on guidance value) as per the agreement where as the construction cost of the apartment not included for registration purposes. it was practice generally followed by the builders for all the owners who so ever booked the property. During the relevant F.Y 2015 - 16  the assessee has sold house property for a consideration of Rs.1.00  crores as per sale deed document. The…

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