https://www.taxtmi.com/caselaws?id=349531 The Tribunal dismissed the revenue's appeal and partly allowed the assessee's appeal, concluding that the Fair Market Value (FMV) as on 01.04.1981 should be Rs. 75/sq.ft. and upheld the CIT(A)'s decision on the indexed cost of acquisition from 01.04.1981. The Tribunal emphasized the importance of accurate valuation and adherence to legal provisions in computing long-term capital gains. en-us Fri, 13 Oct 2017 00:00:00 +0530 Thu, 22 Mar 2018 16:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349531 The Tribunal dismissed the revenue's appeal and partly allowed the assessee's appeal, concluding that the Fair Market Value (FMV) as on 01.04.1981 should be Rs. 75/sq.ft. and upheld the CIT(A)'s decision on the indexed cost of acquisition from 01.04.1981. The Tribunal emphasized the importance of accurate valuation and adherence to legal provisions in computing long-term capital gains. Case-Laws Income Tax Fri, 13 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349531