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2016 (12) TMI 457 - ITAT CHENNAIBenefits of indexation while working out capital gains - claim not allowed from the year in which it inherited the property - asset deemed to have held - Held that:- For the purpose of indexation, the period of holding of the donor has also to be considered. We are therefore, of the opinion that assessee was eligible for the claim. See Commissioner of Income-tax Versus Manjula J. Shah [2011 (10) TMI 406 - BOMBAY HIGH COURT ] - Decided in favour of assessee
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