https://www.taxtmi.com/caselaws?id=239183 The Tribunal partly allowed the assessee's appeal for statistical purposes (ITA No. 248/JP/2012) and dismissed all other appeals (ITA No. 286/JP/2012, ITA No. 249/JP/2012, and ITA No. 282/JP/2012). The order was pronounced on 24.5.2013. The market value of the plot was confirmed at Rs. 1,09,92,000/-, rejecting the Revenue's appeal. The rejection of cost of improvement in property was remanded for verification. Rent received from an Industrial Shed was classified as Property Income. The valuation of the property was adjusted due to the impact of a nearby flyover, with a 20% deduction applied. en-us Fri, 24 May 2013 00:00:00 +0530 Fri, 08 Nov 2013 06:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239183 The Tribunal partly allowed the assessee's appeal for statistical purposes (ITA No. 248/JP/2012) and dismissed all other appeals (ITA No. 286/JP/2012, ITA No. 249/JP/2012, and ITA No. 282/JP/2012). The order was pronounced on 24.5.2013. The market value of the plot was confirmed at Rs. 1,09,92,000/-, rejecting the Revenue's appeal. The rejection of cost of improvement in property was remanded for verification. Rent received from an Industrial Shed was classified as Property Income. The valuation of the property was adjusted due to the impact of a nearby flyover, with a 20% deduction applied. Case-Laws Income Tax Fri, 24 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239183