Topic

indexed cost of acquisition

2 articlesLatest July 2026
Section 48 Income Tax Act | Registered Valuer’s Report Must Prevail Over Arbitrary AO Valuation for Indexed Cost of Acquisition : ITAT Delhi
Case Law Analysis
|Income Tax Appellate Tribunal

Section 48 Income Tax Act | Registered Valuer’s Report Must Prevail Over Arbitrary AO Valuation for Indexed Cost of Acquisition : ITAT Delhi

The ITAT Delhi has held that an Assessing Officer cannot substitute a registered valuer’s report with an arbitrary, unsupported methodology to compute indexed cost of acquisition under Section 48. This reinforces the legal primacy of expert valuation in capital gains assessments and protects taxpayers from speculative adjustments by revenue authorities.

ITAT Ahmedabad | Co-Owner’s 0.70% Share and Indexed Cost Must Be Considered for Capital Gains; Parity with Co-Owners’ Assessments Mandated : ITAT
Case Law Analysis
|Income Tax Appellate Tribunal

ITAT Ahmedabad | Co-Owner’s 0.70% Share and Indexed Cost Must Be Considered for Capital Gains; Parity with Co-Owners’ Assessments Mandated : ITAT

ITAT Ahmedabad sets aside an assessment order ignoring a co-owner’s 0.70% share and indexed cost of acquisition, emphasizing that capital gains must be computed proportionately and consistently across co-owners. The ruling reinforces natural justice principles under Rule 46A and mandates de novo adjudication to prevent arbitrary tax treatment.

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