https://www.taxtmi.com/caselaws?id=117946 The Tribunal confirmed that capital gains from the property transfer were taxable under section 45 read with section 49(1)(iii)(d). The cost of acquisition was to be determined based on the cost to the previous owner. The case was remanded to the Assessing Officer for recalculating the cost of acquisition. The Tribunal directed the CIT(A) to address the assessment of income from house property and the non-granting of deduction under section 80L. The appeals were partly allowed for the assessee and dismissed for the department. en-us Tue, 31 Aug 2004 00:00:00 +0530 Wed, 27 Jun 2012 15:22:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117946 The Tribunal confirmed that capital gains from the property transfer were taxable under section 45 read with section 49(1)(iii)(d). The cost of acquisition was to be determined based on the cost to the previous owner. The case was remanded to the Assessing Officer for recalculating the cost of acquisition. The Tribunal directed the CIT(A) to address the assessment of income from house property and the non-granting of deduction under section 80L. The appeals were partly allowed for the assessee and dismissed for the department. Case-Laws Income Tax Tue, 31 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117946