2003 (8) TMI 465 - AT - Income Tax

Summary

The Appellate Tribunal ITAT Mumbai dismissed the revenue's appeal for the assessment year 1995-96. The dispute was about adopting the cost inflation index based on the year the previous owner purchased the property. The Tribunal upheld the CIT(A)'s decision to apply the cost inflation index relevant to the assessment year 1986-87, leading to the dismissal of the revenue's appeal.