https://www.taxtmi.com/caselaws?id=173801 The Tribunal ruled in favor of the appellant on all substantive aspects related to the computation of capital gains. The fair market value of the land was accepted as per the registered valuer's report, rejecting the Assessing Officer's valuation. The Tribunal disagreed with the CIT(A)'s reduction of land area and held that the entire share of the appellant in the fair market value of the land should be considered for calculating the capital gain. Consequently, the appeal was allowed, and the appellant's declared capital gain of Rs. 61,92,697 was accepted. en-us Fri, 21 Sep 2012 00:00:00 +0530 Sat, 03 Jun 2017 12:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=173801 The Tribunal ruled in favor of the appellant on all substantive aspects related to the computation of capital gains. The fair market value of the land was accepted as per the registered valuer's report, rejecting the Assessing Officer's valuation. The Tribunal disagreed with the CIT(A)'s reduction of land area and held that the entire share of the appellant in the fair market value of the land should be considered for calculating the capital gain. Consequently, the appeal was allowed, and the appellant's declared capital gain of Rs. 61,92,697 was accepted. Case-Laws Income Tax Fri, 21 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=173801