https://www.taxtmi.com/caselaws?id=290534 The tribunal dismissed the Revenue's appeal and upheld the CIT(A)'s decision to consider the average fair market value ('FMV') of the property as on 1.4.1981 at &8377; 5,16,200/- per ground, instead of &8377; 10,000/-. The tribunal found no merit in the Revenue's arguments and affirmed the CIT(A)'s findings, ultimately rejecting the Revenue's grounds of appeal. en-us Wed, 29 Oct 2014 00:00:00 +0530 Sun, 04 Oct 2020 16:29:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290534 The tribunal dismissed the Revenue's appeal and upheld the CIT(A)'s decision to consider the average fair market value ('FMV') of the property as on 1.4.1981 at &8377; 5,16,200/- per ground, instead of &8377; 10,000/-. The tribunal found no merit in the Revenue's arguments and affirmed the CIT(A)'s findings, ultimately rejecting the Revenue's grounds of appeal. Case-Laws Income Tax Wed, 29 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290534