cases where the assessee has not been able to establish the cost of acquisition by means of any satisfactory evidence, sale price upto Rs. 50,000 may be taken as capital

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Full Text of the Document

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....(F. No. 207/26/71-ITA-II), dated 18th December, 1971 on the above subject in which, considering the circumstances under which repatriates came to India, it was administratively decided that in cases where the assessee has not been able to establish the cost of acquisition by means of any satisfactory evidence, sale price upto Rs. 50,000 may be taken as capital in computing the capital gains to avo....