Allowing the appeal of the assessee the Tribunal held that, while computing the capital gains the benefit of indexation should be given on basis of date of acquisition of asset and not on basis of actual payment . Relied on Lata G.Rohra v DCIT ( 2008) 21 SOT 541 ( Mum) (Trib) , Charanbir Singh Jolly v ITO ( 2006) 5 SOT 89( Mum) (Trib) (ITA No .1244 /Mum/2016 dt 27 -02-2018 ( AY. 2011-12)
Shishir Gorle v.DCIT ( Mum) (Trib) www.itatonline .org
S. 48 : Capital gains – Computation -While computing the capital gains the benefit of indexation should be given on basis of date of acquisition of asset and not on basis of actual payment [ S. 45 ,55(2)]