https://www.taxtmi.com/caselaws?id=62302 The appeal filed by the assessee was partly allowed. The Tribunal directed the Assessing Officer to value the land at Rs. 10,500 per sq. yd. and the structure at Rs. 4,67,400. Additionally, the deduction of Rs. 10 lakhs under section 54 of the Income Tax Act, 1961 was to be allowed. en-us Tue, 11 Feb 2003 00:00:00 +0530 Wed, 19 Jan 2011 11:49:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62302 The appeal filed by the assessee was partly allowed. The Tribunal directed the Assessing Officer to value the land at Rs. 10,500 per sq. yd. and the structure at Rs. 4,67,400. Additionally, the deduction of Rs. 10 lakhs under section 54 of the Income Tax Act, 1961 was to be allowed. Case-Laws Income Tax Tue, 11 Feb 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62302