https://www.taxtmi.com/caselaws?id=233517 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decision to allow the deduction for indexed cost of acquisition based on the holding period of the previous owner of the property. The judgment clarified that for assets acquired through gift or will, the indexation should start from the year the previous owner first held the asset, in accordance with the relevant legal provisions and judicial precedents. en-us Fri, 08 Feb 2013 00:00:00 +0530 Sat, 04 May 2013 08:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233517 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decision to allow the deduction for indexed cost of acquisition based on the holding period of the previous owner of the property. The judgment clarified that for assets acquired through gift or will, the indexation should start from the year the previous owner first held the asset, in accordance with the relevant legal provisions and judicial precedents. Case-Laws Income Tax Fri, 08 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233517