https://www.taxtmi.com/caselaws?id=55626 The Tribunal ruled in favor of the assessee, deleting the capital gains inclusion in the total income. It held that as there was no cost of acquisition due to the property's historical acquisition by conquest, the computation of capital gains failed, and the gains could not be taxed. The decision aligned with legal principles established in relevant court judgments, including the Supreme Court decision in B.C. Srinivasa Setty, ultimately leading to the deletion of the capital gains amount from the assessee's total income. en-us Thu, 06 Nov 1986 00:00:00 +0530 Mon, 29 Nov 2010 10:50:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55626 The Tribunal ruled in favor of the assessee, deleting the capital gains inclusion in the total income. It held that as there was no cost of acquisition due to the property's historical acquisition by conquest, the computation of capital gains failed, and the gains could not be taxed. The decision aligned with legal principles established in relevant court judgments, including the Supreme Court decision in B.C. Srinivasa Setty, ultimately leading to the deletion of the capital gains amount from the assessee's total income. Case-Laws Income Tax Thu, 06 Nov 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55626