https://www.taxtmi.com/caselaws?id=66164 The Tribunal upheld the Assessing Officer's approach in a case concerning the computation of capital gains on redemption of mutual fund units. The dispute centered on whether indexation of the cost of acquisition of units specified in Section 45(6) was permissible. The Tribunal emphasized the self-contained scheme of Section 45(6) and its distinct terminology, ruling that indexation benefits under Section 48 do not apply to the computation of capital gains under Section 45(6. As a result, the Tribunal partially allowed the Revenue's appeal, overturning the CIT(A)'s decision and reinstating that of the Assessing Officer. en-us Fri, 21 Sep 2001 00:00:00 +0530 Mon, 21 Feb 2011 18:32:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66164 The Tribunal upheld the Assessing Officer's approach in a case concerning the computation of capital gains on redemption of mutual fund units. The dispute centered on whether indexation of the cost of acquisition of units specified in Section 45(6) was permissible. The Tribunal emphasized the self-contained scheme of Section 45(6) and its distinct terminology, ruling that indexation benefits under Section 48 do not apply to the computation of capital gains under Section 45(6. As a result, the Tribunal partially allowed the Revenue's appeal, overturning the CIT(A)'s decision and reinstating that of the Assessing Officer. Case-Laws Income Tax Fri, 21 Sep 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66164