Capital gain..incometax

Here, sec 56(2)(vii) does apply sisce the gift was made before 1/10/09. Moreover the gift was received from husband who falls under d defination of relatives. In this case the wife who has recvd d gift is liable to assess the capital gain. Cost of asquisition of the building shall be d cost in d the hand of husband n period of holding shall b d date since her husband was holding such asset.