https://www.taxtmi.com/caselaws?id=327642 The Tribunal directed the Assessing Officer to adopt a cost of acquisition for land at Rs. 980 per sq.mtr, considering various factors, in a case concerning estimation of Fair Market Value for capital gains. Disallowances of interest on bonds and certain expenses were dismissed as not pressed due to minimal amounts. The issue of disallowance under Section 14A was resolved in favor of the Assessee, leading to partial allowance of appeals for statistical purposes and dismissal of Revenue's appeals for the relevant assessment years. en-us Mon, 11 Apr 2016 00:00:00 +0530 Sat, 04 Jun 2016 15:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327642 The Tribunal directed the Assessing Officer to adopt a cost of acquisition for land at Rs. 980 per sq.mtr, considering various factors, in a case concerning estimation of Fair Market Value for capital gains. Disallowances of interest on bonds and certain expenses were dismissed as not pressed due to minimal amounts. The issue of disallowance under Section 14A was resolved in favor of the Assessee, leading to partial allowance of appeals for statistical purposes and dismissal of Revenue's appeals for the relevant assessment years. Case-Laws Income Tax Mon, 11 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327642