https://www.taxtmi.com/caselaws?id=116913 For long-term capital gains on property received under a family arrangement, the cost of acquisition was required to be linked to the previous owner's acquisition year for indexation. Applying section 49(1)(iii)(a) of the Income-tax Act, the appellate authority held that the assessee could use the cost inflation index from the year the family members originally acquired the property in 1985, because title was derived from the previous owner through the arrangement. The Revenue's challenge therefore failed. en-us Tue, 05 Aug 2003 00:00:00 +0530 Mon, 18 Jun 2012 17:30:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116913 For long-term capital gains on property received under a family arrangement, the cost of acquisition was required to be linked to the previous owner's acquisition year for indexation. Applying section 49(1)(iii)(a) of the Income-tax Act, the appellate authority held that the assessee could use the cost inflation index from the year the family members originally acquired the property in 1985, because title was derived from the previous owner through the arrangement. The Revenue's challenge therefore failed. Case-Laws Income Tax Tue, 05 Aug 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116913