Manjula shah case

This query is : Resolved 

26 March 2014 according to bombay high court decision....indexation can be claimed from the year in which assets are acquired by the previous owner..... but according to study mat of icai.....cost are indexed from the year in which assets was acquired by the assesse.... pls tell me what is applicable for exam... pls

26 March 2014 well you can follow Manjula Shah case..Manhoran in his text book on tax has also argued in its favor since long ago


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