https://www.taxtmi.com/caselaws?id=11908 The Court held that the assessee was entitled to deduct Rs. 23,000 in the computation of capital gain as the cost of acquisition for additional interest in the property, beyond what was obtained during partition. The Revenue's argument for a modified cost based only on the original acquisition cost was rejected. The Court emphasized that the cost of acquisition under section 49(1)(i) applies to the portion obtained during partition and not to additional interests acquired later. The judgment favored the assessee, and the reference was disposed of in their favor with no order as to costs. en-us Thu, 11 Oct 2001 00:00:00 +0530 Thu, 11 Feb 2010 16:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11908 The Court held that the assessee was entitled to deduct Rs. 23,000 in the computation of capital gain as the cost of acquisition for additional interest in the property, beyond what was obtained during partition. The Revenue's argument for a modified cost based only on the original acquisition cost was rejected. The Court emphasized that the cost of acquisition under section 49(1)(i) applies to the portion obtained during partition and not to additional interests acquired later. The judgment favored the assessee, and the reference was disposed of in their favor with no order as to costs. Case-Laws Income Tax Thu, 11 Oct 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11908