https://www.taxtmi.com/caselaws?id=794506 Contemporaneous settlement documents and the conveyance deed were read together to determine that the taxpayer had surrendered all rights, title, interest and possession in the entire larger land parcel, not merely in a smaller portion. On that basis, the indexed cost of acquisition was allowable with reference to the whole land, and the Assessing Officer could not proportionately restrict the deduction by isolating only one later-conveyed segment; the related long-term capital gains addition was deleted. The objection of breach of natural justice was rejected because the record showed multiple hearings, a detailed show cause notice and a speaking assessment order. en-us Tue, 19 May 2026 00:00:00 +0530 Tue, 07 Jul 2026 08:39:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794506 Contemporaneous settlement documents and the conveyance deed were read together to determine that the taxpayer had surrendered all rights, title, interest and possession in the entire larger land parcel, not merely in a smaller portion. On that basis, the indexed cost of acquisition was allowable with reference to the whole land, and the Assessing Officer could not proportionately restrict the deduction by isolating only one later-conveyed segment; the related long-term capital gains addition was deleted. The objection of breach of natural justice was rejected because the record showed multiple hearings, a detailed show cause notice and a speaking assessment order. Case-Laws Income Tax Tue, 19 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794506