TMI Blog2019 (5) TMI 1772X X X X Extracts X X X X X X X X Extracts X X X X ..... owner acquired the asset i.e. 01.04.1981 and not from the year in which assessee became owner of the asset for purpose of computation of LTCG - HELD THAT:- Although the assessee relied on the judgement of Hon ble Bombay High Court rendered in Manjula Shah Vs. DCIT, [ 2011 (10) TMI 406 - BOMBAY HIGH COURT] however, noticing that the Special leave Petition filed by the department against the same ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Per Manoj Kumar Aggarwal (Accountant Member):- 1. Aforesaid appeal by revenue for Assessment Year [in short referred to as AY ] 2014-15 contest the order of Ld. Commissioner of Income-Tax (Appeals)-56, Mumbai, [in short referred to as CIT(A) ], Appeal No. CIT(A)- 56/ITO(IT)-2(2)(1)/2016-16/254-H dated 20/02/2018 on following grounds of appeal: - 1. On the facts and circumstances of t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... narrow compass. The assessee being resident individual sold certain immovable property during the impugned AY. The undisputed position is that the assessee inherited the said property from her parents and the property was purchased by the parents of the assessee before 01/04/1981. Hence, the benefit of indexation was claimed by the assessee from FY 1981-82 instead of cost inflation index of the ye ..... X X X X Extracts X X X X X X X X Extracts X X X X
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