In case of gifted asset period of holding of donor to be considered to work out indexed cost of acquisition

ITAT CHANDIGARH BENCH ‘A’ Vishwanath Sharma versus Assistant Commissioner of Income-tax IT Appeal NO. 956 (CHD.) OF 2012 [ASSESSMENT YEAR 2006-07] DECEMBER 12, 2012 ORDER Mehar Singh, Accountant Member The present appeal filed by the assessee is directed against the order dated 24.07.2012 passed by the ld. CIT(A) u/s 250(6) of the Income-tax Act,1961 (in short ‘the Act’). 2. In this appeal, the assessee has raised the following Grounds of Appeal: “1. That the Worthy CIT(A) has erred in upholding the addition OF Rs. 14,18,926/-in respect of long te...