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2012 (9) TMI 789 - ITAT, BANGALORECapital Gain - Cost Inflation index - while computing indexed cost of acquisition under head capital gain, Cost inflation index is used for which year FY of possession of property acquired or FY of registration of property - Assessee went on to claim that he was put in the possession of the property in the FY 1998-99 and the indexed cost of acquisition claimed by her effective from the FY 1998-99 – Whereas property was register in name of assessee in 2000-01 – Held that:- As the above sale deed makes it abundantly clear that the assessee was actually put in possession of the subject property only in year 2001 and not in the FY 1998-99 itself as claimed by the assessee. In essence, the subject property was transferred and the assessee was put in possession of the said asset only on in year 2001. Appeal decides in favour of revenue
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