https://www.taxtmi.com/caselaws?id=22361 Tenancy right, on the facts considered, had no ascertainable cost of acquisition, so its transfer did not attract chargeable capital gains on that footing. The Calcutta HC followed B. C. Srinivasa Setty and consistent High Court authority applying the same principle, holding that where an asset lacks an ascertainable cost of acquisition, the capital gains charge cannot be computed in the usual manner. The reference was answered in favour of the assessee. en-us Mon, 23 Apr 1990 00:00:00 +0530 Wed, 09 Dec 2009 14:23:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22361 Tenancy right, on the facts considered, had no ascertainable cost of acquisition, so its transfer did not attract chargeable capital gains on that footing. The Calcutta HC followed B. C. Srinivasa Setty and consistent High Court authority applying the same principle, holding that where an asset lacks an ascertainable cost of acquisition, the capital gains charge cannot be computed in the usual manner. The reference was answered in favour of the assessee. Case-Laws Income Tax Mon, 23 Apr 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22361