https://www.taxtmi.com/caselaws?id=68672 For capital gains computation, the Tribunal treated the plot as acquired in 1971 because initial consideration was paid then, possession was given in that year, and later society records and cash book entries supported the original transaction. The subsequent patta, issued later in lieu of earlier documents and the 1971 sale, did not alter the date of acquisition. On that basis, fair market value as on 1 April 1981 was the correct valuation date, not the later patta date of 27 June 1990. en-us Tue, 16 Dec 2008 00:00:00 +0530 Wed, 01 Aug 2012 16:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68672 For capital gains computation, the Tribunal treated the plot as acquired in 1971 because initial consideration was paid then, possession was given in that year, and later society records and cash book entries supported the original transaction. The subsequent patta, issued later in lieu of earlier documents and the 1971 sale, did not alter the date of acquisition. On that basis, fair market value as on 1 April 1981 was the correct valuation date, not the later patta date of 27 June 1990. Case-Laws Income Tax Tue, 16 Dec 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68672