https://www.taxtmi.com/caselaws?id=789263 A co-owner's deemed cost of acquisition for 01.04.1981 was required to be aligned with the higher valuation adopted in the co-owners' cases, as no rational basis was shown for applying a lower DVO-based value to one co-owner. The long-term capital gain computation was therefore upheld on that valuation basis. The document also notes that investment of sale proceeds in REC bonds within 47 days of the last receipt of consideration satisfied the statutory six-month condition for section 54EC relief, making the deduction allowable. en-us Fri, 27 Feb 2026 00:00:00 +0530 Mon, 06 Apr 2026 08:51:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789263 A co-owner's deemed cost of acquisition for 01.04.1981 was required to be aligned with the higher valuation adopted in the co-owners' cases, as no rational basis was shown for applying a lower DVO-based value to one co-owner. The long-term capital gain computation was therefore upheld on that valuation basis. The document also notes that investment of sale proceeds in REC bonds within 47 days of the last receipt of consideration satisfied the statutory six-month condition for section 54EC relief, making the deduction allowable. Case-Laws Income Tax Fri, 27 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789263