Indexation Benefit Allowable Based on Cost of Acquisition of Property Sold by Taxpayer: ITAT [Read Order]

The ITAT held that the assessee is entitled to avail the benefit of carry forward of long term capital loss.
By Yogitha S. Yogesh - On July 24, 2024 4:34 pm - 2 mins read
Income Tax Appellate Tribunal - ITAT - Taxpayer indexation - acquisition of property - long-term capital loss - taxscan

The New Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) held that the indexation benefit is allowable based on the cost of acquisition of property sold by the taxpayer. It was held that the assessee is entitled to avail of the benefit of carrying forward of long-term capital loss on the sale…

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