https://www.taxtmi.com/caselaws?id=359254 Three separate purchase agreements for 1/3rd undivided interests had to be examined when computing the cost of acquisition and indexation for long-term capital gains, and the authorities' narrower basis was found unsustainable because the supporting documents were not properly considered. A claim for deduction under section 54 could not be denied by importing the multiple-residential-house restriction from section 54F, since that condition does not govern section 54. Both matters were therefore reopened for fresh consideration by the Assessing Officer. en-us Wed, 25 Apr 2018 00:00:00 +0530 Thu, 26 Apr 2018 09:38:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359254 Three separate purchase agreements for 1/3rd undivided interests had to be examined when computing the cost of acquisition and indexation for long-term capital gains, and the authorities' narrower basis was found unsustainable because the supporting documents were not properly considered. A claim for deduction under section 54 could not be denied by importing the multiple-residential-house restriction from section 54F, since that condition does not govern section 54. Both matters were therefore reopened for fresh consideration by the Assessing Officer. Case-Laws Income Tax Wed, 25 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359254