Capital gain - If the object of the legislature is to tax the ...

Case Laws Income Tax

February 21, 2012

Capital gain - If the object of the legislature is to tax the gains arising on transfer of a capital acquired under a gift or will by including the period for which the said asset was held by the previous owner in determining the period for which the said asset was held by the assessee, then that object cannot be defeated by excluding the period for which the said asset was held by the previous owner while determining the indexed cost of acquisition of that asset to the assessee - HC

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Capital gain - If the object of the legislature is to tax the ...

Case Laws Income Tax

February 21, 2012

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