https://www.taxtmi.com/caselaws?id=346466 The Tribunal upheld the CIT(A)'s order in the appeal by Revenue for A.Y. 2011-12, emphasizing the significance of considering the year the previous owner held the asset for computing indexed cost of acquisition. The decision aligned with legal provisions and court precedents, dismissing the Revenue's objection based on the year of succession. The judgment reaffirmed the importance of adhering to established legal principles and court rulings in determining capital gains in cases of inheritance or succession, providing clarity for future assessments based on legal interpretations and precedents. en-us Tue, 04 Jul 2017 00:00:00 +0530 Wed, 16 Aug 2017 08:28:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346466 The Tribunal upheld the CIT(A)'s order in the appeal by Revenue for A.Y. 2011-12, emphasizing the significance of considering the year the previous owner held the asset for computing indexed cost of acquisition. The decision aligned with legal provisions and court precedents, dismissing the Revenue's objection based on the year of succession. The judgment reaffirmed the importance of adhering to established legal principles and court rulings in determining capital gains in cases of inheritance or succession, providing clarity for future assessments based on legal interpretations and precedents. Case-Laws Income Tax Tue, 04 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346466