https://www.taxtmi.com/caselaws?id=70275 The Tribunal dismissed the assessee's appeal and partly allowed the departmental appeal. It upheld the chargeability of capital gains tax on agricultural land, the inclusion of solarium in the consideration, and the use of the fair market value as of 1st Jan., 1964, for computing capital gains. The Tribunal also upheld the CIT(A)'s decision on the proportion of capital gains taxable in the hands of the assessee and the non-levy of interest under Section 139(8) in reassessment proceedings. en-us Mon, 31 Dec 1990 00:00:00 +0530 Fri, 15 Apr 2011 11:38:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70275 The Tribunal dismissed the assessee's appeal and partly allowed the departmental appeal. It upheld the chargeability of capital gains tax on agricultural land, the inclusion of solarium in the consideration, and the use of the fair market value as of 1st Jan., 1964, for computing capital gains. The Tribunal also upheld the CIT(A)'s decision on the proportion of capital gains taxable in the hands of the assessee and the non-levy of interest under Section 139(8) in reassessment proceedings. Case-Laws Income Tax Mon, 31 Dec 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70275