https://www.taxtmi.com/caselaws?id=216304 The tribunal partly allowed the appeal by upholding the application of Section 50C for computing capital gains, invalidating the reference to the Department Valuation Officer under Section 55A, directing adoption of the fair market value declared by the assessee for 01.04.1981, adjusting the property valuation rate on the sale date, and restricting the exemption under Section 54 to one flat. en-us Wed, 20 Jun 2012 00:00:00 +0530 Thu, 06 Sep 2012 04:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216304 The tribunal partly allowed the appeal by upholding the application of Section 50C for computing capital gains, invalidating the reference to the Department Valuation Officer under Section 55A, directing adoption of the fair market value declared by the assessee for 01.04.1981, adjusting the property valuation rate on the sale date, and restricting the exemption under Section 54 to one flat. Case-Laws Income Tax Wed, 20 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216304