https://www.taxtmi.com/caselaws?id=118884 The Tribunal ruled in favor of the appellants, determining that the total cost incurred for acquiring the property should be considered for computing long-term capital gains under section 48. It directed the assessing authority to re-compute the capital gains, allowing the appeals and setting aside the lower authorities' decision. This judgment emphasizes the intrinsic value of the property and the importance of considering the total acquisition cost for indexation, ensuring a fair assessment of capital gains in accordance with taxation law principles. en-us Tue, 23 Aug 2005 00:00:00 +0530 Tue, 23 Apr 2024 12:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118884 The Tribunal ruled in favor of the appellants, determining that the total cost incurred for acquiring the property should be considered for computing long-term capital gains under section 48. It directed the assessing authority to re-compute the capital gains, allowing the appeals and setting aside the lower authorities' decision. This judgment emphasizes the intrinsic value of the property and the importance of considering the total acquisition cost for indexation, ensuring a fair assessment of capital gains in accordance with taxation law principles. Case-Laws Income Tax Tue, 23 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118884