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Income Tax - Highlights / Catch Notes

Home Highlights April 2014 Year 2014 This

Indexed Cost – assessees right to receive the flats have been ...


Indexation Cost Should Reflect Original Agreement Date, Not Transfer Year, for Fair Assessment of Flat Transactions.

April 1, 2014

Case Laws     Income Tax     AT

Indexed Cost – assessees right to receive the flats have been accrued to them on 26.09.1986 itself i.e., the original date of agreement - no justification in adopting the indexation cost from the year 2003 on the ground that transfer has taken place in the said year - AT

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