https://www.taxtmi.com/caselaws?id=330635 The ITAT Chennai allowed the appeal of the assessee in a case involving the computation of indexed cost of acquisition of property and addition of investments in capital gain bonds under sec.54EC of the Act. The Tribunal held that the indexed cost of acquisition should be considered from the date the father became the owner of the property, not the date of his death. Additionally, the Tribunal granted the exemption for investments made in capital gain bonds, citing legislative changes and precedents in favor of the assessee. en-us Fri, 15 Jul 2016 00:00:00 +0530 Mon, 01 Aug 2016 16:25:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330635 The ITAT Chennai allowed the appeal of the assessee in a case involving the computation of indexed cost of acquisition of property and addition of investments in capital gain bonds under sec.54EC of the Act. The Tribunal held that the indexed cost of acquisition should be considered from the date the father became the owner of the property, not the date of his death. Additionally, the Tribunal granted the exemption for investments made in capital gain bonds, citing legislative changes and precedents in favor of the assessee. Case-Laws Income Tax Fri, 15 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330635