https://www.taxtmi.com/caselaws?id=21208 The court determined that the cost of acquisition of the land in the hands of the assessee HUF was nil, as it was received on partial partition of the bigger HUF, which had acquired it without any cost. Consequently, the computation of capital gain by the assessee, based on the fair market value, was not sustainable. The court ruled in favor of the Revenue and against the assessee, with no order as to costs. en-us Thu, 21 Jan 1993 00:00:00 +0530 Fri, 20 Nov 2009 17:21:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21208 The court determined that the cost of acquisition of the land in the hands of the assessee HUF was nil, as it was received on partial partition of the bigger HUF, which had acquired it without any cost. Consequently, the computation of capital gain by the assessee, based on the fair market value, was not sustainable. The court ruled in favor of the Revenue and against the assessee, with no order as to costs. Case-Laws Income Tax Thu, 21 Jan 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21208