2019 (5) TMI 1772

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....ORDER Per Manoj Kumar Aggarwal (Accountant Member):- 1. Aforesaid appeal by revenue for Assessment Year [in short referred to as 'AY'] 2014-15 contest the order of Ld. Commissioner of Income-Tax (Appeals)-56, Mumbai, [in short referred to as 'CIT(A)'], Appeal No. CIT(A)- 56/ITO(IT)-2(2)(1)/2016-16/254-H dated 20/02/2018 on following grounds of appeal: - 1. On the facts and circumsta....

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....e us stand in a very narrow compass. The assessee being resident individual sold certain immovable property during the impugned AY. The undisputed position is that the assessee inherited the said property from her parents and the property was purchased by the parents of the assessee before 01/04/1981. Hence, the benefit of indexation was claimed by the assessee from FY 1981-82 instead of cost infl....