https://www.taxtmi.com/highlights?id=32002 Computation of capital gains - the cost of inflation index should be made applied with reference to the year in which the capital asset was first acquired by the previous owner. If only for the purpose of computing indexed cost of acquisition, the date of acquisition by the previous owner is excluded then it will lead to absurd result. - AT en-us Mon, 07 Nov 2016 16:57:14 +0530 Mon, 07 Nov 2016 16:57:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=32002 Computation of capital gains - the cost of inflation index should be made applied with reference to the year in which the capital asset was first acquired by the previous owner. If only for the purpose of computing indexed cost of acquisition, the date of acquisition by the previous owner is excluded then it will lead to absurd result. - AT Highlights Income Tax Mon, 07 Nov 2016 16:57:14 +0530 https://www.taxtmi.com/highlights?id=32002