https://www.taxtmi.com/caselaws?id=436826 The Tribunal upheld the CIT(A)'s decision to allow indexation of the cost of acquisition from FY 1981-82 based on a High Court ruling. Various expenses related to the transfer of property were allowed, including brokerage and solicitor's fees. The Tribunal directed the Assessing Officer to apply the 3rd proviso to section 50C for computing capital gains. The appeal by the Revenue was partly allowed, granting relief on expenses, and the cross objection by the assessee was partly allowed for statistical purposes. en-us Tue, 18 Apr 2023 00:00:00 +0530 Fri, 21 Apr 2023 12:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436826 The Tribunal upheld the CIT(A)'s decision to allow indexation of the cost of acquisition from FY 1981-82 based on a High Court ruling. Various expenses related to the transfer of property were allowed, including brokerage and solicitor's fees. The Tribunal directed the Assessing Officer to apply the 3rd proviso to section 50C for computing capital gains. The appeal by the Revenue was partly allowed, granting relief on expenses, and the cross objection by the assessee was partly allowed for statistical purposes. Case-Laws Income Tax Tue, 18 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436826