https://www.taxtmi.com/caselaws?id=294489 The Tribunal upheld the CIT(A) decision in favor of the assessee, emphasizing the need to consider the period of holding by the previous owner for computing the indexed cost of acquisition under Explanation (iii) to section 48 of the Income Tax Act. The revenue's appeal was dismissed, affirming the assessee's revised computation of indexed cost of acquisition for plots of land sold during the assessment year 2005-06. en-us Wed, 09 Mar 2011 00:00:00 +0530 Sat, 17 Apr 2021 11:15:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294489 The Tribunal upheld the CIT(A) decision in favor of the assessee, emphasizing the need to consider the period of holding by the previous owner for computing the indexed cost of acquisition under Explanation (iii) to section 48 of the Income Tax Act. The revenue's appeal was dismissed, affirming the assessee's revised computation of indexed cost of acquisition for plots of land sold during the assessment year 2005-06. Case-Laws Income Tax Wed, 09 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294489