https://www.taxtmi.com/caselaws?id=292283 The tribunal upheld the CIT(A)'s decision allowing the deduction of employees' contribution within the grace period, following the rule favoring the subject in conflicting statutory interpretations among different High Courts. Regarding the determination of fair market value for capital gains, the tribunal agreed that the assessee could adopt the fair market value as on 1-4-1981, but remanded the issue to the Assessing Officer for further examination. The assessee was granted the benefit of claiming the fair market value for computing capital gains, subject to the Assessing Officer's review. en-us Wed, 04 May 2011 00:00:00 +0530 Thu, 17 Dec 2020 14:34:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292283 The tribunal upheld the CIT(A)'s decision allowing the deduction of employees' contribution within the grace period, following the rule favoring the subject in conflicting statutory interpretations among different High Courts. Regarding the determination of fair market value for capital gains, the tribunal agreed that the assessee could adopt the fair market value as on 1-4-1981, but remanded the issue to the Assessing Officer for further examination. The assessee was granted the benefit of claiming the fair market value for computing capital gains, subject to the Assessing Officer's review. Case-Laws Income Tax Wed, 04 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292283