https://www.taxtmi.com/caselaws?id=272175 The Tribunal upheld the CIT(A)'s determination of the sale consideration rate at Rs. 120.98 per sq.ft. and directed the AO to adopt Rs. 20 per sq.ft. as the Fair Market Value (FMV) as on 01-04-1981. The additional ground regarding the year of taxability was dismissed, and the AO was instructed to verify the actual area of Transferable Development Rights (TDR) sold for accurate computation of capital gains in the respective assessment years. en-us Fri, 29 Jan 2016 00:00:00 +0530 Thu, 25 Feb 2016 13:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272175 The Tribunal upheld the CIT(A)'s determination of the sale consideration rate at Rs. 120.98 per sq.ft. and directed the AO to adopt Rs. 20 per sq.ft. as the Fair Market Value (FMV) as on 01-04-1981. The additional ground regarding the year of taxability was dismissed, and the AO was instructed to verify the actual area of Transferable Development Rights (TDR) sold for accurate computation of capital gains in the respective assessment years. Case-Laws Income Tax Fri, 29 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272175