https://www.taxtmi.com/caselaws?id=380221 The court affirmed the decision to compute long-term capital gains based on the land's cost as on 07.08.1990, rejecting the appellant's revaluation claim. The interpretation of Income Tax Act provisions regarding cost of acquisition and succession by a partnership firm was scrutinized, with the court dismissing the succession claim. Emphasizing the importance of documentary evidence, the court highlighted the necessity of presenting relevant documents to support tax claims. The appeal was dismissed, with the judgment underscoring the importance of statutory interpretation, documentary evidence, and succession evaluations in tax disputes. en-us Mon, 10 Sep 2018 00:00:00 +0530 Wed, 15 May 2019 17:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380221 The court affirmed the decision to compute long-term capital gains based on the land's cost as on 07.08.1990, rejecting the appellant's revaluation claim. The interpretation of Income Tax Act provisions regarding cost of acquisition and succession by a partnership firm was scrutinized, with the court dismissing the succession claim. Emphasizing the importance of documentary evidence, the court highlighted the necessity of presenting relevant documents to support tax claims. The appeal was dismissed, with the judgment underscoring the importance of statutory interpretation, documentary evidence, and succession evaluations in tax disputes. Case-Laws Income Tax Mon, 10 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380221