https://www.taxtmi.com/caselaws?id=325963 The Tribunal allowed the appeal for statistical purposes, directing the Assessing Officer to determine the Fair Market Value of the property in accordance with Section 50C(2) by considering the prevailing rate in 2005. The Tribunal emphasized the importance of valuing the property based on the initial agreement and payments received. The judgment was pronounced on 12th February 2016. en-us Fri, 12 Feb 2016 00:00:00 +0530 Sat, 02 Apr 2016 10:43:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325963 The Tribunal allowed the appeal for statistical purposes, directing the Assessing Officer to determine the Fair Market Value of the property in accordance with Section 50C(2) by considering the prevailing rate in 2005. The Tribunal emphasized the importance of valuing the property based on the initial agreement and payments received. The judgment was pronounced on 12th February 2016. Case-Laws Income Tax Fri, 12 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325963