Assessing Officer to Calculate Capital Gain on Tenancy Rights with Indexation as per Section 48, IT Act.

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....CIT(A) has rightly directed the A.O. to work out capital gain on surrender of tenancy rights after taking into account the cost of acquisition of tenancy right as worked out by the registered approved valuer and allow the benefit of indexation of the cost of acquisition as per the provisions of section 48 - AT....