https://www.taxtmi.com/caselaws?id=192530 The Tribunal upheld the ld. CIT(A)'s decision to consider fair market value for cost of acquisition and compute Long term capital gain accordingly. The Tribunal emphasized the importance of accurate valuation in determining capital gains and tax liability, affirming the assessee's right to choose the value as per legal provisions and precedents. The Department's appeal was dismissed, highlighting the significance of fair market value determination for precise computation of Long term capital gains. en-us Wed, 23 Jan 2013 00:00:00 +0530 Sat, 03 Jun 2017 18:48:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192530 The Tribunal upheld the ld. CIT(A)'s decision to consider fair market value for cost of acquisition and compute Long term capital gain accordingly. The Tribunal emphasized the importance of accurate valuation in determining capital gains and tax liability, affirming the assessee's right to choose the value as per legal provisions and precedents. The Department's appeal was dismissed, highlighting the significance of fair market value determination for precise computation of Long term capital gains. Case-Laws Income Tax Wed, 23 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192530