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Income Tax - Highlights / Catch Notes

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Capital gain computation - indexed cost of acquisition - correct ...


Court Debates Correct Date for Indexation in Capital Gains; Evidence Shows Assessee's Property Possession.

May 19, 2022

Case Laws     Income Tax     AT

Capital gain computation - indexed cost of acquisition - correct date and year for the computing indexation - Power of Attorney holder - Assessee has proved his possession of the property which is evident from the installation of electricity connection in his name and house tax charged by the local tax authority. Therefore, the Ld.CIT(A) under these undisputed facts, ought to have taken a liberal approach for granting benefit of indexation as requested by the assessee. - AT

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