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Messages - CAPiyushchaturvedi

#1
Discussion / Re: Indexation
April 14, 2008, 03:00:25 PM
There are few other judgements also on this issue favouring the assessee by the ITAT Mumbai
Smt. Meena Khera in ITA No.5258/Mum/1998
Ms. Vidhi Indubhushan Obhan ITA No. 5165/Mum/2005 SMC Bench
Smt. Jayshree I. Obhan ITA No. 1387/Mum/2005 "D" Bench

Lst two case has been represented by myself and copies of the these t two judgements can be collected form my office. In the case of Jaysheee obhan the ITAT make in clear when the assessee acquired by property not by purchase or not by ostensible transfere but through operation of law the assessee should get the benefit of indexation from the day when the original owner acquired the property.