https://www.taxtmi.com/highlights?id=43687 Capital Loss - it is not in dispute that the flat has not been acquired under the settlement but by some other means for which the cost of acquisition of the flat needs to be determined. The price of acquisition under the facts and circumstances cannot be changed at all and accordingly the resultant computation of capital gain would result in Long Term Capital Loss which has rightly been allowed by the AO. en-us Thu, 03 Jan 2019 11:16:31 +0530 Thu, 03 Jan 2019 11:16:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=43687 Capital Loss - it is not in dispute that the flat has not been acquired under the settlement but by some other means for which the cost of acquisition of the flat needs to be determined. The price of acquisition under the facts and circumstances cannot be changed at all and accordingly the resultant computation of capital gain would result in Long Term Capital Loss which has rightly been allowed by the AO. Highlights Income Tax Thu, 03 Jan 2019 11:16:31 +0530 https://www.taxtmi.com/highlights?id=43687