2023 (7) TMI 749

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..... -15 - assessee claimed indexation of cost from financial year 2001- 02 - CIT(A) allowed the claim in terms of cited decision of Saroja Naidu [ 2021 (7) TMI 989 - MADRAS HIGH COURT] - HELD THAT:- We find that the adjudication in the impugned order follows binding judicial precedent of jurisdictional High Court. The revenue could not controvert this position. Therefore, we do not find any fault .....

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..... year for Rs. 394.70 Lacs. The assessee claimed indexation of cost from financial year 2001- 02 and arrived at capital loss of Rs. 48.35 Lacs. The said property was acquired by the assessee under inheritance from her mother by way of settlement deed dated 05.03.2015. The Ld. AO held that the assessee acquired the rights in the property only from the date of settlement and therefore, indexation ben .....

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