https://www.taxtmi.com/caselaws?id=182205 The Tribunal upheld the order of the CIT(Appeals) in favor of the assessee, determining that the indexed cost of acquisition for long term capital gains should be calculated based on the year when the property was first held by the previous owner. By aligning with legal precedents emphasizing the period of holding by the previous owner, the Tribunal dismissed the Revenue's appeal and affirmed the assessee's position. en-us Thu, 30 Oct 2014 00:00:00 +0530 Thu, 05 May 2016 10:34:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182205 The Tribunal upheld the order of the CIT(Appeals) in favor of the assessee, determining that the indexed cost of acquisition for long term capital gains should be calculated based on the year when the property was first held by the previous owner. By aligning with legal precedents emphasizing the period of holding by the previous owner, the Tribunal dismissed the Revenue's appeal and affirmed the assessee's position. Case-Laws Income Tax Thu, 30 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182205