Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 1999 (9) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1999 (9) TMI 129 - AT - Income TaxExtract: .......ces stances. Hence, we direct the Assessing Officer to adopt the market value of the jewellery as on 1-4-1981 and after applying indexation to the same figure, the resultant figure is to be treated as cost of the jewellery to be deducted from the sale value to arrive at the capital gains. 7. In the result, the appeal filed by the assessee succeeds.
|