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Cost of acquisition rules for goodwill, rights, and listed equity shares under grandfathering and special valuation provisions. Cost of improvement for goodwill, intangible assets, and specified rights is nil, while for other capital assets it is limited to capital expenditure on additions or alterations after 1 April 2001 where the asset was held before that date, and otherwise covers capital expenditure incurred after acquisition, including qualifying improvements made by the previous owner in specified transfers. Cost of acquisition for goodwill, trade marks, brand names, other intangible assets, rights to manufacture or carry on business, tenancy rights, stage carriage permits, loom hours, and similar rights is the actual purchase price where acquired by purchase, the previous owner's cost in specified transfer cases, and nil where no identifiable cost exists.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Cost of acquisition rules for goodwill, rights, and listed equity shares under grandfathering and special valuation provisions.
Cost of improvement for goodwill, intangible assets, and specified rights is nil, while for other capital assets it is limited to capital expenditure on additions or alterations after 1 April 2001 where the asset was held before that date, and otherwise covers capital expenditure incurred after acquisition, including qualifying improvements made by the previous owner in specified transfers. Cost of acquisition for goodwill, trade marks, brand names, other intangible assets, rights to manufacture or carry on business, tenancy rights, stage carriage permits, loom hours, and similar rights is the actual purchase price where acquired by purchase, the previous owner's cost in specified transfer cases, and nil where no identifiable cost exists.
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