https://www.taxtmi.com/caselaws?id=185599 The Appellate Tribunal upheld the Ld. Commissioner's order, dismissing the Revenue's appeal and affirming the re-computation of long term capital gain based on the acquisition value claimed by the assessee. The A.O.'s determination of the cost of acquisition at Rs. 35/- per Sq. Yd. was found untenable, and the re-computation was directed at the rate of Rs. 150/- per Sq. Yd. as supported by documentary evidence provided by the assessee. The application of circle rates by the A.O. was deemed incorrect due to various factors, leading to the rejection of the Revenue's appeal. en-us Tue, 15 Jan 2013 00:00:00 +0530 Sat, 20 Aug 2016 17:40:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185599 The Appellate Tribunal upheld the Ld. Commissioner's order, dismissing the Revenue's appeal and affirming the re-computation of long term capital gain based on the acquisition value claimed by the assessee. The A.O.'s determination of the cost of acquisition at Rs. 35/- per Sq. Yd. was found untenable, and the re-computation was directed at the rate of Rs. 150/- per Sq. Yd. as supported by documentary evidence provided by the assessee. The application of circle rates by the A.O. was deemed incorrect due to various factors, leading to the rejection of the Revenue's appeal. Case-Laws Income Tax Tue, 15 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185599