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section 55
judgement regarding cost of acquisition where the cost cant be determined
Replies (4)
when you can't determine COA , no capital gains levied as per court ruling
income-tax-officer-ward-1-vs-prabhuraj-b-appa
Also refer .... santosh-kumar-kejriwal-executor-vs-acit
Actually i want to know the name of the judgement
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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