https://www.taxtmi.com/caselaws?id=396372 The appeal for A.Y. 2007-08 was dismissed as withdrawn. However, for A.Y. 2008-09 and 2009-10, the court ruled in favor of the assessee regarding the application of section 50C and the adoption of the cost of acquisition. The Revenue's appeal was dismissed, confirming that the indexed cost of acquisition should be computed with reference to the year the previous owner held the asset. en-us Mon, 29 Jun 2020 00:00:00 +0530 Thu, 02 Jul 2020 08:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396372 The appeal for A.Y. 2007-08 was dismissed as withdrawn. However, for A.Y. 2008-09 and 2009-10, the court ruled in favor of the assessee regarding the application of section 50C and the adoption of the cost of acquisition. The Revenue's appeal was dismissed, confirming that the indexed cost of acquisition should be computed with reference to the year the previous owner held the asset. Case-Laws Income Tax Mon, 29 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396372