https://www.taxtmi.com/caselaws?id=190317 The Tribunal partially allowed the appeal, ruling in favor of the assessee concerning the applicability of section 50 of the Income-tax Act for the assessment year 1994-95. The Tribunal held that the assets inherited by the assessee were not part of the block of assets after 1989, entitling her to the benefit of the index cost method for determining the acquisition cost of the properties. Additionally, the Tribunal upheld the decision to club the minor children's income with the assessee's income under section 64(1A) of the Income-tax Act, as the marriage subsisted even after the husband's death. en-us Fri, 02 Jun 2000 00:00:00 +0530 Sat, 11 Feb 2017 13:05:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190317 The Tribunal partially allowed the appeal, ruling in favor of the assessee concerning the applicability of section 50 of the Income-tax Act for the assessment year 1994-95. The Tribunal held that the assets inherited by the assessee were not part of the block of assets after 1989, entitling her to the benefit of the index cost method for determining the acquisition cost of the properties. Additionally, the Tribunal upheld the decision to club the minor children's income with the assessee's income under section 64(1A) of the Income-tax Act, as the marriage subsisted even after the husband's death. Case-Laws Income Tax Fri, 02 Jun 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190317