https://www.taxtmi.com/caselaws?id=173806 The Tribunal ruled in favor of the appellant in a case concerning the computation of capital gains on the sale of a flat. The appellant's contentions regarding the deduction of the entire amount paid for vacating the flat from the cost of acquisition and the valuation of the flat as of 1.4.1981 were accepted. The Tribunal directed the Assessing Officer to adopt the appellant's declared valuation for the flat as of 1.4.1981. Additionally, the Tribunal set aside the Revenue authorities' orders on the valuation issue and instructed the AO to consider the appellant's valuation. The appeal was partly allowed for statistical purposes due to the disallowance of interest expenses being remanded for fresh consideration. en-us Fri, 11 Nov 2011 00:00:00 +0530 Fri, 15 Sep 2017 12:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=173806 The Tribunal ruled in favor of the appellant in a case concerning the computation of capital gains on the sale of a flat. The appellant's contentions regarding the deduction of the entire amount paid for vacating the flat from the cost of acquisition and the valuation of the flat as of 1.4.1981 were accepted. The Tribunal directed the Assessing Officer to adopt the appellant's declared valuation for the flat as of 1.4.1981. Additionally, the Tribunal set aside the Revenue authorities' orders on the valuation issue and instructed the AO to consider the appellant's valuation. The appeal was partly allowed for statistical purposes due to the disallowance of interest expenses being remanded for fresh consideration. Case-Laws Income Tax Fri, 11 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=173806