https://www.taxtmi.com/caselaws?id=437016 The tribunal allowed the appeal in a case concerning the deduction claimed on account of indexed cost of acquisition for computing long term capital gain. The tribunal held that the benefit of indexed cost of acquisition should be available to the assessee based on payments made from the financial year 2005-06, as per the allotment letter, rather than from the execution of the apartment buyers' agreement as directed by the Dispute Resolution Panel. Consequently, the Assessing Officer was directed to verify the computation of indexed cost of acquisition based on payments made from the financial year 2005-06 and allow the deduction. en-us Fri, 17 Feb 2023 00:00:00 +0530 Wed, 26 Apr 2023 09:11:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437016 The tribunal allowed the appeal in a case concerning the deduction claimed on account of indexed cost of acquisition for computing long term capital gain. The tribunal held that the benefit of indexed cost of acquisition should be available to the assessee based on payments made from the financial year 2005-06, as per the allotment letter, rather than from the execution of the apartment buyers' agreement as directed by the Dispute Resolution Panel. Consequently, the Assessing Officer was directed to verify the computation of indexed cost of acquisition based on payments made from the financial year 2005-06 and allow the deduction. Case-Laws Income Tax Fri, 17 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437016