https://www.taxtmi.com/caselaws?id=16429 The court determined that the cost of acquisition of the property should be considered the cost at which the property was acquired by purchase by the last previous owner, i.e., the assessee. This decision favored the Department and ruled against the assessee in the assessment of capital gains for the year in question. en-us Wed, 07 Jan 1998 00:00:00 +0530 Mon, 07 Sep 2009 16:54:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16429 The court determined that the cost of acquisition of the property should be considered the cost at which the property was acquired by purchase by the last previous owner, i.e., the assessee. This decision favored the Department and ruled against the assessee in the assessment of capital gains for the year in question. Case-Laws Income Tax Wed, 07 Jan 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16429