Assessing Officer to Apply Indexation Benefit for Long-Term Capital Gains u/s 48, Pending Calculation Verification.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Computation of Long-term Capital Gains - non considering the INDEX COST of assets purchased u/s. 48 - The benefit of indexation while computing long term capital gains had been statutorily provided to the assessee. - AO directed to grant the benefit of indexation to the assessee while computing long term capital gains after verifying the veracity of the workings thereon. - AT....