Part of: Section 55 — Meaning of “adjusted”, “cost of improvement” and “cost of acquisition”
(i) where the capital asset became the property of the previous owner or the assessee before the 11[1st day of April, 2001 ], 12*** means all expenditure of a capital nature incurred in making any additions or alterations to the capital asset on or after the said date by the previous owner or the assessee, and