https://www.taxtmi.com/caselaws?id=239094 The Tribunal partly allowed the case, emphasizing consistency in co-owners' cases. It upheld the validity of the notice for reopening assessment but directed re-examination of valuation issues for determining capital gains, following a similar decision in another case. The appellant's contentions on indexed cost of acquisition and valuation report were rejected without proper justification. The AO was directed to reconsider sale consideration and cost of acquisition. The decision was allowed for statistical purposes. en-us Fri, 13 Sep 2013 00:00:00 +0530 Wed, 06 Nov 2013 08:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239094 The Tribunal partly allowed the case, emphasizing consistency in co-owners' cases. It upheld the validity of the notice for reopening assessment but directed re-examination of valuation issues for determining capital gains, following a similar decision in another case. The appellant's contentions on indexed cost of acquisition and valuation report were rejected without proper justification. The AO was directed to reconsider sale consideration and cost of acquisition. The decision was allowed for statistical purposes. Case-Laws Income Tax Fri, 13 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239094