https://www.taxtmi.com/caselaws?id=355177 The Tribunal partly allowed the appeal, directing the AO to compute capital gains based on fair market value as of 01.04.1981. The original additions of Rs. 80,000 and Rs. 21,43,470 were dismissed as not pressed. The Tribunal admitted an additional ground on non-taxability of capital gains, ruling against the assessee and upholding the computation based on fair market value. en-us Tue, 06 Feb 2018 00:00:00 +0530 Sat, 10 Feb 2018 07:34:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355177 The Tribunal partly allowed the appeal, directing the AO to compute capital gains based on fair market value as of 01.04.1981. The original additions of Rs. 80,000 and Rs. 21,43,470 were dismissed as not pressed. The Tribunal admitted an additional ground on non-taxability of capital gains, ruling against the assessee and upholding the computation based on fair market value. Case-Laws Income Tax Tue, 06 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355177