CARMEL EDUCATIONAL TRUST,PATHANAMTHITTA vs. DCIT,CEN- CIRCLE,, KOTTAYAM
In the result, the appeals of the assesses in ITA no
ITA 307/COCH/2019[2007-08]Status: DisposedITAT Cochin30 Sept 2019AY 2007-08
Bench: S/Shri Chandra Poojari, Am & George George K., Jm
capital gains can
be computed. In the assessee’s case, the cost of acquisition of the asset transferred
was indeterminable or not specified in section 55 of the Act.
11.3 The contention of the Ld. DR is that a person appointed as a trustee in a
public charitable trust shall not acquire any legal or actionable right over the
property
