Indexation Benefit against Cost of Acquisition shall be Available based on the Index of the Year in which Payments Actually Made: ITAT [Read Order]

Indexation- Benefit - Cost - Acquisition - Index - Year-Payments -ITAT-TAXSCAN

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that the indexation benefit against cost of acquisition should be available based on the index of the year in which payments actually had been made. The assessee, Bushra Javed, was a non-resident individual residing in London with her husband Khalid Hussain Kureshi. The assessee…

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