https://www.taxtmi.com/caselaws?id=383156 The appeal was allowed for statistical purposes, with directions to the AO/DVO to reassess the Fair Market Value (FMV) and cost of acquisition based on the tribunal's observations. The delay in filing the appeal was condoned due to valid reasons provided by the assessee. The tribunal remanded several issues, including the addition of Long Term Capital Gain, invocation of Section 50C, determination of FMV by the DVO, and the cost of acquisition of the property, for fresh determination considering relevant factors. en-us Tue, 14 May 2019 00:00:00 +0530 Wed, 17 Jul 2019 19:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383156 The appeal was allowed for statistical purposes, with directions to the AO/DVO to reassess the Fair Market Value (FMV) and cost of acquisition based on the tribunal's observations. The delay in filing the appeal was condoned due to valid reasons provided by the assessee. The tribunal remanded several issues, including the addition of Long Term Capital Gain, invocation of Section 50C, determination of FMV by the DVO, and the cost of acquisition of the property, for fresh determination considering relevant factors. Case-Laws Income Tax Tue, 14 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383156