https://www.taxtmi.com/caselaws?id=194182 The Tribunal allowed the Revenue's appeal, directing the assessing authority to recalculate the acquisition cost by including the initial amount of &8377; 24 lakhs and the subsequent additional stamp duty and expenses incurred by the assessee. The Tribunal disagreed with the Commissioner's reliance on section 50C to determine the cost of acquisition, holding that the de facto payment made by the assessee cannot be replaced by the deemed value determined by stamp duty authorities. The assessing authority's decision on the cost of acquisition was upheld, with marginal relief granted to the assessee. en-us Mon, 18 Jul 2011 00:00:00 +0530 Thu, 31 Aug 2017 12:33:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194182 The Tribunal allowed the Revenue's appeal, directing the assessing authority to recalculate the acquisition cost by including the initial amount of &8377; 24 lakhs and the subsequent additional stamp duty and expenses incurred by the assessee. The Tribunal disagreed with the Commissioner's reliance on section 50C to determine the cost of acquisition, holding that the de facto payment made by the assessee cannot be replaced by the deemed value determined by stamp duty authorities. The assessing authority's decision on the cost of acquisition was upheld, with marginal relief granted to the assessee. Case-Laws Income Tax Mon, 18 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194182