https://www.taxtmi.com/caselaws?id=248110 The Court upheld the judgment of the Full Bench in CIT v. Raja Malwinder Singh, emphasizing that capital gains should be computed using the fair market value if the cost of acquisition cannot be determined. The appellant's argument that the cost should be based on the previous owner's cost was rejected, as the appellant acquired the property through succession. The Court concluded that no substantial legal question arose and dismissed the appeal, affirming the principles governing capital gain computation in such cases. en-us Tue, 18 Mar 2014 00:00:00 +0530 Tue, 17 Feb 2015 15:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248110 The Court upheld the judgment of the Full Bench in CIT v. Raja Malwinder Singh, emphasizing that capital gains should be computed using the fair market value if the cost of acquisition cannot be determined. The appellant's argument that the cost should be based on the previous owner's cost was rejected, as the appellant acquired the property through succession. The Court concluded that no substantial legal question arose and dismissed the appeal, affirming the principles governing capital gain computation in such cases. Case-Laws Income Tax Tue, 18 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248110