https://www.taxtmi.com/caselaws?id=196550 The Tribunal partially allowed the assessee's appeal in a dispute over the cost of acquisition for computing capital gains under section 50C of the Income Tax Act, 1961. The Tribunal found the D.V.O.'s valuation unreliable and emphasized the use of market indicators like press reports and the Indian Valuer Directory. It directed the Assessing Officer to recompute capital gains based on a higher valuation, differing from the D.V.O.'s assessment. en-us Wed, 24 Feb 2010 00:00:00 +0530 Wed, 06 Dec 2017 13:23:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196550 The Tribunal partially allowed the assessee's appeal in a dispute over the cost of acquisition for computing capital gains under section 50C of the Income Tax Act, 1961. The Tribunal found the D.V.O.'s valuation unreliable and emphasized the use of market indicators like press reports and the Indian Valuer Directory. It directed the Assessing Officer to recompute capital gains based on a higher valuation, differing from the D.V.O.'s assessment. Case-Laws Income Tax Wed, 24 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196550