https://www.taxtmi.com/caselaws?id=325085 The ITAT upheld the AO's decision to classify the compensation as 'capital gains', determine the number of fruit-bearing trees as 99 based on Jamabandi records, and calculate the cost of acquisition and improvement at Rs. 2,500 per tree. The ITAT emphasized adherence to the provisions of the Income Tax Act in computing capital gains, dismissing the appeals. en-us Tue, 19 Jan 2016 00:00:00 +0530 Thu, 10 Mar 2016 08:17:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325085 The ITAT upheld the AO's decision to classify the compensation as 'capital gains', determine the number of fruit-bearing trees as 99 based on Jamabandi records, and calculate the cost of acquisition and improvement at Rs. 2,500 per tree. The ITAT emphasized adherence to the provisions of the Income Tax Act in computing capital gains, dismissing the appeals. Case-Laws Income Tax Tue, 19 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325085