https://www.taxtmi.com/caselaws?id=404513 The Tribunal allowed the assessee's appeal, holding that the reference made by the Assessing Officer (AO) under Section 55A was invalid as per the unamended provisions applicable for the assessment year 2012-13. The Tribunal directed the deletion of the addition made under the head "long term capital gains" related to the cost of acquisition substituted by the fair market value as on 01.04.1981. The appeal was thus allowed in favor of the assessee. en-us Tue, 19 Jan 2021 00:00:00 +0530 Thu, 25 Feb 2021 09:09:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404513 The Tribunal allowed the assessee's appeal, holding that the reference made by the Assessing Officer (AO) under Section 55A was invalid as per the unamended provisions applicable for the assessment year 2012-13. The Tribunal directed the deletion of the addition made under the head "long term capital gains" related to the cost of acquisition substituted by the fair market value as on 01.04.1981. The appeal was thus allowed in favor of the assessee. Case-Laws Income Tax Tue, 19 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404513