https://www.taxtmi.com/highlights?id=65468 Revision u/s 263 - Capital gain computation - To us, it is a clear case of valuation being made by applying reverse indexation, i.e., by arriving at the value of land as on 01/04/1981, upon first determining the amount of capital gain that is to be disclosed. This is apparent from his order being sans any finding qua such basis, which also forms the reason for reassessment and, rather, without any deliberation thereon. - AT en-us Mon, 05 Sep 2022 16:45:16 +0530 Mon, 05 Sep 2022 16:45:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=65468 Revision u/s 263 - Capital gain computation - To us, it is a clear case of valuation being made by applying reverse indexation, i.e., by arriving at the value of land as on 01/04/1981, upon first determining the amount of capital gain that is to be disclosed. This is apparent from his order being sans any finding qua such basis, which also forms the reason for reassessment and, rather, without any deliberation thereon. - AT Highlights Income Tax Mon, 05 Sep 2022 16:45:16 +0530 https://www.taxtmi.com/highlights?id=65468