https://www.taxtmi.com/caselaws?id=247388 The Tribunal partially allowed the appellant's appeal, directing the Assessing Officer to reconsider the cost of acquisition by factoring in the value of the flat at the time of possession, considering the significance of tenancy rights. This decision emphasized the necessity of evaluating the market value of the property at the time of possession in determining capital gains, overturning the earlier decision that relied on a minimal amount paid towards society deposit. en-us Fri, 02 May 2014 00:00:00 +0530 Sat, 10 May 2014 08:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247388 The Tribunal partially allowed the appellant's appeal, directing the Assessing Officer to reconsider the cost of acquisition by factoring in the value of the flat at the time of possession, considering the significance of tenancy rights. This decision emphasized the necessity of evaluating the market value of the property at the time of possession in determining capital gains, overturning the earlier decision that relied on a minimal amount paid towards society deposit. Case-Laws Income Tax Fri, 02 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247388