https://www.taxtmi.com/caselaws?id=243827 The appeal was partly allowed based on the valuation of the property for calculating capital gains. The appellant's plea was accepted, directing the Assessing Officer to adopt the fair market value at Rs. 6,25,590 as of 01.04.1981 and recalculate the capital gain with necessary indexation. The order of the Commissioner of Income Tax (Appeals) was set aside for consistency with a decision in a coowner's case. en-us Wed, 07 Aug 2013 00:00:00 +0530 Tue, 11 Feb 2014 08:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243827 The appeal was partly allowed based on the valuation of the property for calculating capital gains. The appellant's plea was accepted, directing the Assessing Officer to adopt the fair market value at Rs. 6,25,590 as of 01.04.1981 and recalculate the capital gain with necessary indexation. The order of the Commissioner of Income Tax (Appeals) was set aside for consistency with a decision in a coowner's case. Case-Laws Income Tax Wed, 07 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243827