https://www.taxtmi.com/caselaws?id=215667 The case involved a dispute over the computation of the indexed cost of acquisition of a property inherited by the assessee. The Tribunal upheld the decision in favor of the assessee, determining that the cost of acquisition should be based on the year in which the previous owner acquired the asset, not the year in which the assessee first held it. The judgment clarified the correct method for computing the indexed cost of acquisition of inherited property for the purpose of determining long term capital gains. en-us Fri, 15 Jun 2012 00:00:00 +0530 Wed, 08 Aug 2012 10:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215667 The case involved a dispute over the computation of the indexed cost of acquisition of a property inherited by the assessee. The Tribunal upheld the decision in favor of the assessee, determining that the cost of acquisition should be based on the year in which the previous owner acquired the asset, not the year in which the assessee first held it. The judgment clarified the correct method for computing the indexed cost of acquisition of inherited property for the purpose of determining long term capital gains. Case-Laws Income Tax Fri, 15 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215667