https://www.taxtmi.com/caselaws?id=368312 ITAT Chennai partly allowed the appeal, directing the AO to adopt the fair market value of the land at Rs. 69,00,000 for computation of capital gains (replacing the valuer and DVO figures). The AO must allow the land-filling cost of Rs. 3,10,000 and 2% of Rs. 69,00,000 as brokerage. Exemption under s.54F was granted, treating investment made in the spouse's name as assessee's investment. Claim of development expenditure of Rs. 3,20,000 incurred after the sale was disallowed. en-us Fri, 07 Sep 2018 00:00:00 +0530 Fri, 07 Nov 2025 14:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368312 ITAT Chennai partly allowed the appeal, directing the AO to adopt the fair market value of the land at Rs. 69,00,000 for computation of capital gains (replacing the valuer and DVO figures). The AO must allow the land-filling cost of Rs. 3,10,000 and 2% of Rs. 69,00,000 as brokerage. Exemption under s.54F was granted, treating investment made in the spouse's name as assessee's investment. Claim of development expenditure of Rs. 3,20,000 incurred after the sale was disallowed. Case-Laws Income Tax Fri, 07 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368312