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2012 (2) TMI 192 - AT - Income TaxLong-term Capital gains – determination of date of acquisition – property acquired through inheritance - acquired by previous owner prior to 1-4-1981 – assessee share in property determined by virtue of family settlement dated 11-9-2000 - Revenue contending indexed cost of acquisition to be as per F.Y. 2000-01 & not 1981-82 – Held that:- Assessee succeeded to this property and in such eventuality the word “hold” is to be interpreted keeping in mind the judgment in the case of CIT Vs. Manjula J. Shah holding that benefit of indexation shall be available from the year when previous owner first acquired it – Decided against the Revenue.
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