https://www.taxtmi.com/caselaws?id=242707 The Tribunal upheld the District Valuation Officer's valuation under section 50C, directing the Assessing Officer to adopt the property's value at Rs. 3,87,60,443 as the full consideration received. Regarding the cost of acquisition, the Tribunal determined the indexed cost as Rs. 1,13,14,285 as of 01.04.1986, allowing the benefit under section 54. The appeal by the assessee was partially allowed in this case. en-us Wed, 10 Jul 2013 00:00:00 +0530 Sun, 19 Jan 2014 09:48:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242707 The Tribunal upheld the District Valuation Officer's valuation under section 50C, directing the Assessing Officer to adopt the property's value at Rs. 3,87,60,443 as the full consideration received. Regarding the cost of acquisition, the Tribunal determined the indexed cost as Rs. 1,13,14,285 as of 01.04.1986, allowing the benefit under section 54. The appeal by the assessee was partially allowed in this case. Case-Laws Income Tax Wed, 10 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242707