section 55
Baddy Mittal (52 Points)
11 November 2018
judgement regarding cost of acquisition where the cost cant be determined
4 Replies
Nishant
(Assistant)
(1095 Points)
Replied 11 November 2018
when you can't determine COA , no capital gains levied as per court ruling
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178371 Points)
Replied 11 November 2018
income-tax-officer-ward-1-vs-prabhuraj-b-appa
Also refer .... santosh-kumar-kejriwal-executor-vs-acit
Nitesh bind
(Student CA Final )
(12692 Points)
Replied 14 November 2018
B C SRINIVAS SHETTY (SC) held as Where cost of acquisition of assets can't be determined it will be taken as INDETERMINATE and therefore capital gains would be Nil.
Thanks.
Thanks.
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