https://www.taxtmi.com/caselaws?id=328742 The Tribunal partly allowed the appeal, directing the Assessing Officer to use the Fair Market Value declared by the assessee for indexation, disallow indexation on claimed improvement costs, allow deduction under Section 54 for both residential flats, and consider the actual sale consideration for computing exemption under Section 54. The order was pronounced on 30/05/2016. en-us Mon, 30 May 2016 00:00:00 +0530 Mon, 13 Jun 2016 13:15:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328742 The Tribunal partly allowed the appeal, directing the Assessing Officer to use the Fair Market Value declared by the assessee for indexation, disallow indexation on claimed improvement costs, allow deduction under Section 54 for both residential flats, and consider the actual sale consideration for computing exemption under Section 54. The order was pronounced on 30/05/2016. Case-Laws Income Tax Mon, 30 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328742