https://www.taxtmi.com/caselaws?id=245920 The Tribunal set aside the CIT's order under section 263, except for the determination of the assessee's share in the property pending final decree by the Civil Court. The Tribunal found the CIT's direction to compute capital gains based on a 1/3rd share unjustified as the preliminary decree had been confirmed by the High Court. The Tribunal upheld the AO's adoption of the cost of acquisition and allowed the brokerage claim, noting that the assessment order had merged with appellate orders, barring revision under section 263 for these issues. The assessee's appeals were allowed. en-us Wed, 02 Apr 2014 00:00:00 +0530 Sat, 12 Apr 2014 12:31:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245920 The Tribunal set aside the CIT's order under section 263, except for the determination of the assessee's share in the property pending final decree by the Civil Court. The Tribunal found the CIT's direction to compute capital gains based on a 1/3rd share unjustified as the preliminary decree had been confirmed by the High Court. The Tribunal upheld the AO's adoption of the cost of acquisition and allowed the brokerage claim, noting that the assessment order had merged with appellate orders, barring revision under section 263 for these issues. The assessee's appeals were allowed. Case-Laws Income Tax Wed, 02 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245920