Securities are in the nature of Bonds and Debentures on which indexation
benefit u/s 48 of the Act is not applicable. During the course ... benefit of indexation as per Section 48 From plain reading of 3rd proviso
section 48 government securities were not excluded for indexation benefit only bond
right over the said property and from
that date the indexation benefit has to be given to the assessee.
Explanation (iii) to s. 48 reads ... under which makes entitle the assessee
to the indexation benefit:
"(iii) 'indexed cost of acquisition' means an amount which bears
expenses
related to these transactions for calculating taxable gains and restricted
indexation benefits to the year of receipt of sale consideration.
• Internal Circulation of Funds ... facts of the case in not granting the
indexation benefit up to the year of transfer of the underlying properties (Land
atShilpgram and Land
expenses
related to these transactions for calculating taxable gains and restricted
indexation benefits to the year of receipt of sale consideration.
• Internal Circulation of Funds ... facts of the case in not granting the
indexation benefit up to the year of transfer of the underlying properties (Land
atShilpgram and Land
expenses
related to these transactions for calculating taxable gains and restricted
indexation benefits to the year of receipt of sale consideration.
• Internal Circulation of Funds ... facts of the case in not granting the
indexation benefit up to the year of transfer of the underlying properties (Land
atShilpgram and Land
expenses
related to these transactions for calculating taxable gains and restricted
indexation benefits to the year of receipt of sale consideration.
• Internal Circulation of Funds ... facts of the case in not granting the
indexation benefit up to the year of transfer of the underlying properties (Land
atShilpgram and Land
expenses
related to these transactions for calculating taxable gains and restricted
indexation benefits to the year of receipt of sale consideration.
• Internal Circulation of Funds ... facts of the case in not granting the
indexation benefit up to the year of transfer of the underlying properties (Land
atShilpgram and Land
expenses
related to these transactions for calculating taxable gains and restricted
indexation benefits to the year of receipt of sale consideration.
• Internal Circulation of Funds ... facts of the case in not granting the
indexation benefit up to the year of transfer of the underlying properties (Land
atShilpgram and Land
expenses
related to these transactions for calculating taxable gains and restricted
indexation benefits to the year of receipt of sale consideration.
• Internal Circulation of Funds ... facts of the case in not granting the
indexation benefit up to the year of transfer of the underlying properties (Land
atShilpgram and Land
expenses
related to these transactions for calculating taxable gains and restricted
indexation benefits to the year of receipt of sale consideration.
• Internal Circulation of Funds ... facts of the case in not granting the
indexation benefit up to the year of transfer of the underlying properties (Land
atShilpgram and Land
