Indexation benefit admissible based on cost of acquisition of property: ITAT Delhi

Anurag Lakshman Pande Vs DCIT (ITAT Delhi) ITAT Delhi held that indexation benefit is available to the assessee on the basis of his cost of acquisition of the property and capital gain is to be calculated accordingly. Facts- In the year under consideration, the assessee sold two immovable properties, one being a residential property, for a total sale consideration of Rs.3,05,00,000/-. Whereas, the second property sold by the assessee was a commercial property for a total consideration of Rs.59,60,000/-. In the computation of income, after claiming indexation benefit the assessee claimed long t...