https://www.taxtmi.com/caselaws?id=178146 The Tribunal decided to average the rates provided by the Sub-Registrar and the Government Approved Valuer, setting the fair market value (FMV) of land as on 1.4.1981 at Rs. 102/- per sq. meter for calculating long-term capital gains. The decision balanced the conflicting valuations and emphasized the importance of technical expertise in valuation matters. Both the assessee and the revenue had their appeals partly allowed, ensuring a fair and just determination of FMV. en-us Fri, 11 Sep 2015 00:00:00 +0530 Fri, 29 Jan 2016 10:17:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178146 The Tribunal decided to average the rates provided by the Sub-Registrar and the Government Approved Valuer, setting the fair market value (FMV) of land as on 1.4.1981 at Rs. 102/- per sq. meter for calculating long-term capital gains. The decision balanced the conflicting valuations and emphasized the importance of technical expertise in valuation matters. Both the assessee and the revenue had their appeals partly allowed, ensuring a fair and just determination of FMV. Case-Laws Income Tax Fri, 11 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178146