The assessee sought to reduce the cost of freehold land by relying on business impairment adjustments recorded in its books after acquiring a business through a slump sale. The Tribunal held that impairment adjustments made for accounting purposes under the Companies Act could not alter the actual cost of acquisition for income-tax purposes. The indexed cost of acquisition had to be computed on the actual acquisition cost of the land, and the addition made by the Assessing Officer was upheld. (AY. 2014-15).