https://www.taxtmi.com/caselaws?id=383572 The Tribunal allowed the appeal, setting aside the Commissioner of Income-tax (Appeals) order for the assessment year 2011-12. The denial of Long Term Capital Gain addition was overturned, with the Tribunal directing the Assessing Officer to compute the capital gain considering Fair Market Value as of 01.04.1981. The appellant's challenge against the denial of indexation on Long Term Capital Gain was successful, supported by the Tribunal's interpretation of law and facts. Additionally, the Tribunal ruled in favor of the appellant regarding the valuation of property and deduction on brokerage, providing relief on the contested issues. en-us Mon, 22 Jul 2019 00:00:00 +0530 Thu, 25 Jul 2019 15:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383572 The Tribunal allowed the appeal, setting aside the Commissioner of Income-tax (Appeals) order for the assessment year 2011-12. The denial of Long Term Capital Gain addition was overturned, with the Tribunal directing the Assessing Officer to compute the capital gain considering Fair Market Value as of 01.04.1981. The appellant's challenge against the denial of indexation on Long Term Capital Gain was successful, supported by the Tribunal's interpretation of law and facts. Additionally, the Tribunal ruled in favor of the appellant regarding the valuation of property and deduction on brokerage, providing relief on the contested issues. Case-Laws Income Tax Mon, 22 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383572