https://www.taxtmi.com/caselaws?id=264982 The Court upheld the Tribunal's decision to recompute capital gains based on 70% of the sale proceeds as the market value of the estate as of 1-4-1981. The appeal was dismissed in favor of the assessee, with no costs awarded. The Court found the Tribunal's decision consistent with precedent and refused to interfere, distinguishing it from cases requiring remand due to conflicting views or lack of reasoning. en-us Mon, 21 Sep 2015 00:00:00 +0530 Mon, 05 Oct 2015 11:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264982 The Court upheld the Tribunal's decision to recompute capital gains based on 70% of the sale proceeds as the market value of the estate as of 1-4-1981. The appeal was dismissed in favor of the assessee, with no costs awarded. The Court found the Tribunal's decision consistent with precedent and refused to interfere, distinguishing it from cases requiring remand due to conflicting views or lack of reasoning. Case-Laws Income Tax Mon, 21 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264982