THE PRINCIPAL COMMISSIONER OF INCOME TAX vs. REENA JOSE
ITA/47/2020HC 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
ii) where the capital asset became the property of the assessee by any of the modes
specified in sub-section (1) of section 49, and the capital asset became the property of
the previous owner before the 1 day of April, 1981, means the cost of the capital asset
to the previous owner or the fair market value
