https://www.taxtmi.com/caselaws?id=255584 Capital gains could not be charged on execution of a release deed where the assessee had no ascertainable cost of acquisition in the property. The computation provisions and the charging provision operate as an integrated code, so if cost of acquisition cannot be determined under the capital gains machinery, no taxable capital gain can arise. The deeming of consideration under section 50C could not cure that defect or override the absence of a computable acquisition cost. en-us Wed, 07 Jan 2015 00:00:00 +0530 Wed, 21 Jan 2015 08:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255584 Capital gains could not be charged on execution of a release deed where the assessee had no ascertainable cost of acquisition in the property. The computation provisions and the charging provision operate as an integrated code, so if cost of acquisition cannot be determined under the capital gains machinery, no taxable capital gain can arise. The deeming of consideration under section 50C could not cure that defect or override the absence of a computable acquisition cost. Case-Laws Income Tax Wed, 07 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255584