https://www.taxtmi.com/caselaws?id=362687 The Appeals were dismissed, and no costs were awarded. The Tribunal's interpretation of Section 55(2)(b)(ii) was upheld, determining that indexation does not apply to tenancy rights acquired before April 01, 1981. The issue of determining the cost of acquisition of tenancy rights was restored to the Assessing Officer in accordance with Section 55(3) for previous owners. The Appellants were granted the liberty to challenge the Assessing Officer's order before the Appellate Authorities. en-us Mon, 18 Jun 2018 00:00:00 +0530 Sat, 30 Jun 2018 08:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362687 The Appeals were dismissed, and no costs were awarded. The Tribunal's interpretation of Section 55(2)(b)(ii) was upheld, determining that indexation does not apply to tenancy rights acquired before April 01, 1981. The issue of determining the cost of acquisition of tenancy rights was restored to the Assessing Officer in accordance with Section 55(3) for previous owners. The Appellants were granted the liberty to challenge the Assessing Officer's order before the Appellate Authorities. Case-Laws Income Tax Mon, 18 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362687