https://www.taxtmi.com/caselaws?id=417636 The Tribunal invalidated the reopening of assessment due to a notice issued by a non-jurisdictional officer. It upheld the computation of the Indexed Cost of Acquisition based on the assessee's share as 1/7th, rejecting the AO's 1/77th calculation. Additionally, the Tribunal supported the allowance of carry forward of capital loss as directed by the CIT(A). The AO's appeal was dismissed, and the cross-objection by the assessee was allowed. en-us Wed, 19 Jan 2022 00:00:00 +0530 Fri, 28 Jan 2022 09:03:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417636 The Tribunal invalidated the reopening of assessment due to a notice issued by a non-jurisdictional officer. It upheld the computation of the Indexed Cost of Acquisition based on the assessee's share as 1/7th, rejecting the AO's 1/77th calculation. Additionally, the Tribunal supported the allowance of carry forward of capital loss as directed by the CIT(A). The AO's appeal was dismissed, and the cross-objection by the assessee was allowed. Case-Laws Income Tax Wed, 19 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417636