https://www.taxtmi.com/caselaws?id=185603 The ITAT rejected the assessee's request to apply section 50C to substitute the cost of acquisition, emphasizing that the actual amount paid should be considered. Regarding the fair market value, the ITAT remitted the matter back to the AO for reevaluation based on the assessee's claim and supporting documents, despite the assessee not initially contesting the valuation by the Stamp Valuation Authority. en-us Tue, 09 Mar 2010 00:00:00 +0530 Sat, 20 Aug 2016 18:09:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185603 The ITAT rejected the assessee's request to apply section 50C to substitute the cost of acquisition, emphasizing that the actual amount paid should be considered. Regarding the fair market value, the ITAT remitted the matter back to the AO for reevaluation based on the assessee's claim and supporting documents, despite the assessee not initially contesting the valuation by the Stamp Valuation Authority. Case-Laws Income Tax Tue, 09 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185603