THE PRINCIPAL COMMISSIONER OF INCOME TAX vs. JOSE THOMAS
ITA/46/2020HC Kerala03 Apr 2024
Bench: HONOURABLE DR. JUSTICE A.K.JAYASANKARAN NAMBIAR,HONOURABLE MR. JUSTICE SYAM KUMAR V.M.
For Respondent: THE PRINCIPAL COMMISSIONER OF INCOME TAX
b) in relation to any other capital asset -
(i) where the capital asset become the property of the assessee before the 1" day of
April, 1981, means the cost of acquisition of the asset to the assessee or the fair
market value of the asset on the 1 st day of April, 1981, at the option of the assessee
