https://www.taxtmi.com/caselaws?id=330240 The Tribunal upheld the CIT(A)'s decision to adopt the mean value of property valuations provided by the District Valuation Officer (DVO) and the assessee's valuer to determine the fair market value as of 01.04.1981. The Tribunal deemed this method appropriate due to the lack of exact sale instances for the area in question. The Revenue's challenge to this decision was dismissed, affirming the approach taken by the CIT(A) in computing the cost of acquisition for long-term capital gains. en-us Tue, 12 Jul 2016 00:00:00 +0530 Thu, 21 Jul 2016 10:39:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330240 The Tribunal upheld the CIT(A)'s decision to adopt the mean value of property valuations provided by the District Valuation Officer (DVO) and the assessee's valuer to determine the fair market value as of 01.04.1981. The Tribunal deemed this method appropriate due to the lack of exact sale instances for the area in question. The Revenue's challenge to this decision was dismissed, affirming the approach taken by the CIT(A) in computing the cost of acquisition for long-term capital gains. Case-Laws Income Tax Tue, 12 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330240