IN THE HIGH COURT OF DELHI AT NEW DELHI
.
ITA 568/2013
.
COMMISSIONER OF INCOME TAX, DLEHI - VIII
.
..... Appellant
.
Through Mr. Kamal Sawhney, Sr. Standing Counsel.
.
versus
.
DEEPTI GUPTA
.
..... Respondent
.
Through Nemo.
.
.
.
CORAM:
.
HON'BLE MR. JUSTICE SANJIV KHANNA
.
HON'BLE MR. JUSTICE SANJEEV SACHDEVA
.
.
.
O R D E R
.
18.12.2013
.
.
.
This appeal by the Revenue has to be dismissed in view of the ratio
.
in Arun Shungloo Trust versus CIT, (2012) 205 Taxman 246 (Delhi) in which it has been held that in case of inheritance, the assessee would be
entitled to benefit of cost of indexation from the date of acquisition of
the property by the original acquiree. The stand of the Revenue that
benefit of indexation is to be given only from the date when the property
was inherited by the assessee cannot be accepted. The appeal is
accordingly dismissed.
.
.
.
.
.
SANJIV KHANNA, J.
.
.
.
.
.
.
.
SANJEEV SACHDEVA, J.
.
DECEMBER 18, 2013
.
VKR
.
.
.
.
.
.
.
.
.
$ 1.
.