https://www.taxtmi.com/caselaws?id=64199 The Tribunal dismissed the Revenue's appeal and the assessee's cross objection, confirming the cost of acquisition determination based on the previous owner's cost or fair market value as of January 1, 1964. Ownership was established through adverse possession, supported by a compromise decree acknowledging ownership. The fair market value on specific dates was deemed relevant for computing capital gains, with the Tribunal upholding the CIT(A)'s decision. en-us Tue, 17 Mar 1987 00:00:00 +0530 Sat, 05 Feb 2011 13:19:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64199 The Tribunal dismissed the Revenue's appeal and the assessee's cross objection, confirming the cost of acquisition determination based on the previous owner's cost or fair market value as of January 1, 1964. Ownership was established through adverse possession, supported by a compromise decree acknowledging ownership. The fair market value on specific dates was deemed relevant for computing capital gains, with the Tribunal upholding the CIT(A)'s decision. Case-Laws Income Tax Tue, 17 Mar 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64199