https://www.taxtmi.com/caselaws?id=251967 The tribunal held that in cases of inheritance, the indexed cost of acquisition for calculating capital gains should be based on the previous owner's cost, with indexation starting from the year in which the previous owner held the asset. The tribunal's decision, following a Bombay High Court judgment, was upheld, and the substantial question of law was answered in favor of the legal heirs. The appeals were dismissed with no costs incurred. en-us Fri, 06 Jun 2014 00:00:00 +0530 Thu, 19 Feb 2015 11:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251967 The tribunal held that in cases of inheritance, the indexed cost of acquisition for calculating capital gains should be based on the previous owner's cost, with indexation starting from the year in which the previous owner held the asset. The tribunal's decision, following a Bombay High Court judgment, was upheld, and the substantial question of law was answered in favor of the legal heirs. The appeals were dismissed with no costs incurred. Case-Laws Income Tax Fri, 06 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251967