Capital Gains Tax: Applying Section 2(42A) Definition Crucial for Transfers via Gift or Will u/s 48.

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....Cost inflation index - If the meaning given in s. 2(42A) is not adopted in construing the words used in s. 48, then the gains arising on transfer of a capital asset acquired under a gift or will will be outside the purview of the capital gains tax which is not intended by the legislature. - AT....