https://www.taxtmi.com/caselaws?id=212355 The Tribunal upheld the lower valuation of land for capital gain calculation, rejecting the appellant's higher rate proposed by a registered valuer. It directed the inclusion of the working shed in the building/structure valuation at 50% of the valuer's estimate for accurate long-term capital gains computation. The authorities' decision on cost of acquisition was affirmed, emphasizing the necessity of credible material for valuation. The rejection of the valuer's report was justified by the reliance on Housing Board's allotment rate. The Tribunal dismissed the appellant's claim of perverse findings, concluding no substantial legal question, and ultimately dismissed the appeal. en-us Wed, 21 Jul 2010 00:00:00 +0530 Sun, 15 Apr 2012 17:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212355 The Tribunal upheld the lower valuation of land for capital gain calculation, rejecting the appellant's higher rate proposed by a registered valuer. It directed the inclusion of the working shed in the building/structure valuation at 50% of the valuer's estimate for accurate long-term capital gains computation. The authorities' decision on cost of acquisition was affirmed, emphasizing the necessity of credible material for valuation. The rejection of the valuer's report was justified by the reliance on Housing Board's allotment rate. The Tribunal dismissed the appellant's claim of perverse findings, concluding no substantial legal question, and ultimately dismissed the appeal. Case-Laws Income Tax Wed, 21 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212355