https://www.taxtmi.com/caselaws?id=61809 The Tribunal upheld the original assessment in a case involving a dispute over the cost of a property for capital gains computation. It rejected the revenue's appeal, upheld the legitimacy of the payment made to perfect the property title as a cost of acquisition, maintained the property's character as a long-term asset for capital gains calculation, and deemed the reassessment under section 147(b) of the IT Act invalid due to impermissible change of opinion. The original assessment stood, and the reassessment was dismissed. en-us Mon, 31 Dec 1990 00:00:00 +0530 Sat, 15 Jan 2011 11:35:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61809 The Tribunal upheld the original assessment in a case involving a dispute over the cost of a property for capital gains computation. It rejected the revenue's appeal, upheld the legitimacy of the payment made to perfect the property title as a cost of acquisition, maintained the property's character as a long-term asset for capital gains calculation, and deemed the reassessment under section 147(b) of the IT Act invalid due to impermissible change of opinion. The original assessment stood, and the reassessment was dismissed. Case-Laws Income Tax Mon, 31 Dec 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61809