https://www.taxtmi.com/highlights?id=61943 Computation of capital gains - benefit of indexation - cost to the previous owner - inherited property under will and again by will - Based on the Scheme of the Act, as provided in Section 49(1)(ii), clauses (29A) and (42A) of Section 2 and Section 55(2)(b)(ii) of the Act, indexation of the cost of acquisition under the second proviso to Section 48 should be available from the financial year 1981-1982. Therefore, on this ground alone, we will have to grant prayer clause (a) as quoted earlier. - HC en-us Mon, 14 Feb 2022 21:48:35 +0530 Mon, 14 Feb 2022 21:48:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=61943 Computation of capital gains - benefit of indexation - cost to the previous owner - inherited property under will and again by will - Based on the Scheme of the Act, as provided in Section 49(1)(ii), clauses (29A) and (42A) of Section 2 and Section 55(2)(b)(ii) of the Act, indexation of the cost of acquisition under the second proviso to Section 48 should be available from the financial year 1981-1982. Therefore, on this ground alone, we will have to grant prayer clause (a) as quoted earlier. - HC Highlights Income Tax Mon, 14 Feb 2022 21:48:35 +0530 https://www.taxtmi.com/highlights?id=61943