https://www.taxtmi.com/caselaws?id=334185 The Tribunal upheld the CIT(A)'s decision in favor of the assessee, ruling that the fair market value for the cost of acquisition should be based on the registered valuer's certificate and that the indexation benefit should be applied from the period the asset was first held by the previous owner. The judgment emphasized adherence to legislative distinctions under the Income Tax Act, dismissing the revenue's appeal. en-us Fri, 16 Sep 2016 00:00:00 +0530 Sat, 05 Nov 2016 07:20:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334185 The Tribunal upheld the CIT(A)'s decision in favor of the assessee, ruling that the fair market value for the cost of acquisition should be based on the registered valuer's certificate and that the indexation benefit should be applied from the period the asset was first held by the previous owner. The judgment emphasized adherence to legislative distinctions under the Income Tax Act, dismissing the revenue's appeal. Case-Laws Income Tax Fri, 16 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334185