https://www.taxtmi.com/caselaws?id=397561 The ITAT Chennai partially allowed the appeals, directing the Assessing Officer to adopt a higher value for the cost of acquisition using the rent capitalization method. The decision emphasized the importance of considering actual market value and rental income in assessing capital gains for the property in question. en-us Thu, 05 Mar 2020 00:00:00 +0530 Sat, 22 Aug 2020 11:39:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397561 The ITAT Chennai partially allowed the appeals, directing the Assessing Officer to adopt a higher value for the cost of acquisition using the rent capitalization method. The decision emphasized the importance of considering actual market value and rental income in assessing capital gains for the property in question. Case-Laws Income Tax Thu, 05 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397561