High Court Orders Tribunal to Seek Clarification on Agricultural Land Acquisition Cost Calculation

The High Court directed the Tribunal to refer a question on the cost of acquisition of agricultural land for capital gain purposes to the court for its opinion, specifically whether the cost should be ascertained as of February 28, 1970, or January 1, 1954.

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The High Court of Punjab and Haryana directed the Tribunal to refer a question of law regarding the cost of acquisition of agricultural land for capital gain purposes to the court for its opinion. The question pertained to whether the cost should be ascertained as of February 28, 1970, or January 1, 1954.

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