2024 (1) TMI 875

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... on - determination of indexed cost of acquisition - As decided by HC [ 2012 (2) TMI 733 - DELHI HIGH COURT] expression held by the assessee used in Explanation (iii) to Section 48 has to be understood in the context and harmoniously with other Sections. The cost of acquisition stipulated in Section 49 means the cost for which the previous owner had acquired the property. The term held by the .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Mayank Nagi, Adv. Mr. Tarun Singh, Adv. Mr. Rameshwar Prasad Goyal, AOR ORDER UPON hearing the counsel the Court made the following. Shri Rupesh Kumar, learned panel counsel for the petitioner submitted that the special leave petition would not survive for further consideration owing to low tax effect. The submission of learned counsel for the petitioner is placed on record. In t .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X