https://www.taxtmi.com/caselaws?id=221173 A registered rectification deed, supported by the record, established that the land actually transferred was smaller than the extent stated in the original sale deed, so the section 50C addition based on the higher extent was deleted. The registered valuer's estimate for the 1.4.1981 valuation was accepted as reasonable, and indexed cost of acquisition was computed on that basis. Compensation claims linked to prior agreements and litigation were allowed only to the extent proved by bank entries, confirmations and supporting material, with the balance disallowed. Municipal taxes were held not to be part of cost of acquisition or improvement as yearly outgoings, but the matter was remanded for verification of whether they were one-time development charges. en-us Wed, 09 Jan 2013 00:00:00 +0530 Tue, 26 Feb 2013 08:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221173 A registered rectification deed, supported by the record, established that the land actually transferred was smaller than the extent stated in the original sale deed, so the section 50C addition based on the higher extent was deleted. The registered valuer's estimate for the 1.4.1981 valuation was accepted as reasonable, and indexed cost of acquisition was computed on that basis. Compensation claims linked to prior agreements and litigation were allowed only to the extent proved by bank entries, confirmations and supporting material, with the balance disallowed. Municipal taxes were held not to be part of cost of acquisition or improvement as yearly outgoings, but the matter was remanded for verification of whether they were one-time development charges. Case-Laws Income Tax Wed, 09 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221173