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
54, 55, 56 &
68/20 & 6/21 :: 22 ::
subsequent decisions of the High Court that the Finance Act, 1994, amended
section 55(2) to provide that the cost of acquisition of, inter alia, a tenancy right.
would be taken as nil. By this amendment, the judicial interpretation put on
capital assets for the purposes of the provisions relating to capital gains
