Bench: S/Shri Chandra Poojari, Am & George George K., Jm

48 on the transfer and charging the same u/s. 45, the Ld. AR relied on the judgment of the Apex Court in the case of CIT vs. B.C. Sreenivasa Shetty (128 ITR 294) wherein it was held that if the cost of acquisition of the asset transferred is indeterminable no capital gains can be computed. In the assessee’s case