Adverse possession property not subject to capital gain tax

The Bombay HC dismissed the appeal on capital gain tax for property acquired by adverse possession without acquisition costs. The Tribunal affirmed that no capital gain tax would apply in such instances. No significant legal question was identified, and the appeal was dismissed without costs.

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The Bombay High Court dismissed the appeal regarding capital gain tax on a property acquired by adverse possession without any acquisition costs. The Tribunal upheld the CIT(A)'s decision that no capital gain tax would arise in such cases. No substantial question of law was found, and the appeal was dismissed with no costs.

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