https://www.taxtmi.com/caselaws?id=263289 The Tribunal affirmed that the indexed cost of acquisition for computing capital gains should be based on the period the asset was held by the previous owner, rather than the year of inheritance by the assessee. This decision aligned with legal precedents and legislative intent, ensuring indexation principles to counter inflation effects. The Tribunal upheld the CIT(A)'s order, dismissing all Revenue appeals challenging the indexation benefit claimed by the non-resident assessee in the assessment year 2006-07. en-us Wed, 19 Aug 2015 00:00:00 +0530 Thu, 28 Feb 2019 10:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263289 The Tribunal affirmed that the indexed cost of acquisition for computing capital gains should be based on the period the asset was held by the previous owner, rather than the year of inheritance by the assessee. This decision aligned with legal precedents and legislative intent, ensuring indexation principles to counter inflation effects. The Tribunal upheld the CIT(A)'s order, dismissing all Revenue appeals challenging the indexation benefit claimed by the non-resident assessee in the assessment year 2006-07. Case-Laws Income Tax Wed, 19 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263289