Whether Nazarana paid to State Govt would be cost of acquisition?

Late Shri Saifulla Abubakar Inamdar Legal Heir Vs ITO (ITAT Pune)

 Firstly, it is relevant to mention that the assessee did not take up the issue of Inami land before the AO. It was for the first time that the assessee raised this issue before the ld. CIT(A) contending that in the absence of any cost of acquisition incurred by his forefathers in obtaining the land in Inam, the machinery provisions for computing the capital gains failed. In support of the said contention, the assessee placed before the ld. CIT(A) some docume

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