Cost of acquisition rules expanded to cover transfers under clauses (viiac) and (viiad), aligning those transfers with previous owner cost basis. Amendment inserts references to transfers under clauses (viiac) and (viiad) into sub clause (e) of section 49(1)(iii), thereby treating assets acquired by those transfers as having the previous owner's cost of acquisition increased by the cost of any improvements borne by the previous owner or the assessee.
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Provisions expressly mentioned in the judgment/order text.
Cost of acquisition rules expanded to cover transfers under clauses (viiac) and (viiad), aligning those transfers with previous owner cost basis.
Amendment inserts references to transfers under clauses (viiac) and (viiad) into sub clause (e) of section 49(1)(iii), thereby treating assets acquired by those transfers as having the previous owner's cost of acquisition increased by the cost of any improvements borne by the previous owner or the assessee.
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