https://www.taxtmi.com/caselaws?id=258452 The Bombay High Court upheld the Income Tax Appellate Tribunal's decision on the indexation date for calculating capital gains in a real estate transaction for Assessment year 2005-06. The Court agreed with the Tribunal's determination that the indexation date should be considered as 24th February 1994, based on substantial payments made earlier, rather than the date of registration of the final agreement in March 1999 as contended by the Revenue. The Court found no substantial question of law, dismissed the appeal, and awarded no costs. en-us Mon, 30 Mar 2015 00:00:00 +0530 Fri, 10 Apr 2015 09:03:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258452 The Bombay High Court upheld the Income Tax Appellate Tribunal's decision on the indexation date for calculating capital gains in a real estate transaction for Assessment year 2005-06. The Court agreed with the Tribunal's determination that the indexation date should be considered as 24th February 1994, based on substantial payments made earlier, rather than the date of registration of the final agreement in March 1999 as contended by the Revenue. The Court found no substantial question of law, dismissed the appeal, and awarded no costs. Case-Laws Income Tax Mon, 30 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258452