https://www.taxtmi.com/caselaws?id=371795 The Tribunal partly allowed the appeal, directing the Assessing Officer to adopt a fair market value of Rs. 3,50,000 per ground as of 01.04.1981 for acquisition purposes. It emphasized the need to consider expert opinions and comparable sale instances, rather than relying solely on guideline values maintained by Registration Authorities. The decision was based on a balanced approach, considering various judicial precedents and guidelines for determining market value. en-us Wed, 05 Dec 2018 00:00:00 +0530 Fri, 11 Jan 2019 12:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371795 The Tribunal partly allowed the appeal, directing the Assessing Officer to adopt a fair market value of Rs. 3,50,000 per ground as of 01.04.1981 for acquisition purposes. It emphasized the need to consider expert opinions and comparable sale instances, rather than relying solely on guideline values maintained by Registration Authorities. The decision was based on a balanced approach, considering various judicial precedents and guidelines for determining market value. Case-Laws Income Tax Wed, 05 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371795