https://www.taxtmi.com/caselaws?id=28518 The court determined that for calculating capital gains, the cost of acquisition of shares for the Hindu Undivided Family (HUF) should be the market value on the date they were thrown into the common hotchpot. This decision aligned with precedents emphasizing the real value of the property at the time of acquisition. The court ruled in favor of the HUF, rejecting the Income Tax Officer's argument for a "nil" cost of acquisition. The Tribunal's decision was upheld, with no order as to costs. en-us Fri, 19 Jun 1981 00:00:00 +0530 Tue, 23 Feb 2010 12:40:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28518 The court determined that for calculating capital gains, the cost of acquisition of shares for the Hindu Undivided Family (HUF) should be the market value on the date they were thrown into the common hotchpot. This decision aligned with precedents emphasizing the real value of the property at the time of acquisition. The court ruled in favor of the HUF, rejecting the Income Tax Officer's argument for a "nil" cost of acquisition. The Tribunal's decision was upheld, with no order as to costs. Case-Laws Income Tax Fri, 19 Jun 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28518