https://www.taxtmi.com/circulars?id=10384 Where an assessee cannot establish cost of acquisition by satisfactory evidence, the Board directed that the sale price up to a prescribed de minimis amount be treated as the cost for computing capital gains; if the actual cost is satisfactorily proved to exceed that amount, the proved cost must be substituted. The Board clarified that the de minimis amount is a fallback deemed cost and must not be allowed in addition to a proved actual cost, and instructed officers to correct prior misapplication. en-us Fri, 31 Oct 1975 00:00:00 +0530 Fri, 17 Jun 2011 18:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10384 Where an assessee cannot establish cost of acquisition by satisfactory evidence, the Board directed that the sale price up to a prescribed de minimis amount be treated as the cost for computing capital gains; if the actual cost is satisfactorily proved to exceed that amount, the proved cost must be substituted. The Board clarified that the de minimis amount is a fallback deemed cost and must not be allowed in addition to a proved actual cost, and instructed officers to correct prior misapplication. Circulars Income Tax Fri, 31 Oct 1975 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10384