Indexation Benefit Directed as CIT(A) Omitted Mandatory Section 48 Relief

Ashish Tilakchandra Bhatt Vs DCIT (ITAT Ahmedabad) Indexation Mandatory & Cash Deposit Addition Restricted: Ahmedabad ITAT Grants Partial Relief The Ahmedabad “SMC” Bench of the ITAT partly allowed the appeal of Ashish Tilakchandra Bhatt vs. DCIT, Gandhinagar, ITA No. 1503/Ahd/2025, AY 2012-13, vide order dated 18.12.2025 On the capital gains issue, the Tribunal noted that although the CIT(A) had directed the AO to recompute capital gains as per the DVO’s valuation, no explicit direction was given to allow indexation benefit u/s 48. Observing that indexation is a statutory entitlemen...