In the case of an assessee covered under section 49(1) of the ...
Case Laws Income Tax
February 18, 2015
In the case of an assessee covered under section 49(1) of the Act, the capital gains liability has to be computed by considering that the assessee held the said asset from the date it was held by the previous owner and the same analogy has also to be applied in determining the indexed cost of acquisition - AT
View Source