https://www.taxtmi.com/caselaws?id=332813 The ITAT allowed the appeal against the addition of cost of appreciation for A.Y 2002-03. The ITAT directed the AO to adopt the assessee's valuation for calculating capital gains, setting aside the assessment order. The decision was based on the fair market value of the property in 1981, considering sale instances and significant differences in values in the same area. The ITAT found the assessee's valuation reasonable and fair, leading to the successful outcome for the assessee in the case. en-us Fri, 29 Jul 2016 00:00:00 +0530 Tue, 27 Sep 2016 12:01:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332813 The ITAT allowed the appeal against the addition of cost of appreciation for A.Y 2002-03. The ITAT directed the AO to adopt the assessee's valuation for calculating capital gains, setting aside the assessment order. The decision was based on the fair market value of the property in 1981, considering sale instances and significant differences in values in the same area. The ITAT found the assessee's valuation reasonable and fair, leading to the successful outcome for the assessee in the case. Case-Laws Income Tax Fri, 29 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332813