PRINCIPAL COMMISSIONER OF INCOME TAX -3, KOLKATA vs. M/S. ITC LIMITED

Appeal is allowed to the extent indicated

Bench: HON'BLE JUSTICE SURYA PRAKASH KESARWANI,HON'BLE JUSTICE RAJARSHI BHARADWAJ

iii)"indexed cost of acquisition" …… (iv)"indexed cost of any improvement……. (v)[ "Cost Inflation Index", …..” 14. Section 2(14) of the Act 1961 defines the term “Capital Asset” to mean (a) property of any kind held by an assesse, whether or not connect with his business or profession. The word property has not been defined under the Act. In Ahmed

M/S. GAYAN TRADERS LIMITED vs. COMMISSIONER OF INCOME TAX, KOLKATA-II

In the result, the appeal filed by the assessee is allowed and the

Bench: HON'BLE JUSTICE T. S. SIVAGNANAM,HON'BLE JUSTICE SUPRATIM BHATTACHARYA