https://www.taxtmi.com/caselaws?id=305585 The Tribunal partly allowed the appeals of the assessees regarding the assessment of Long Term Capital Loss on the sale of agricultural land. It considered the valuation methods and determined the Fair Market Value as on 01.04.1981 based on the rates provided by various authorities, directing the Assessing Officer to calculate Long Term Capital Gain using the average FMV rate. The orders were announced in a Virtual Court hearing on 13th January 2021. en-us Wed, 13 Jan 2021 00:00:00 +0530 Tue, 13 Dec 2022 17:52:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305585 The Tribunal partly allowed the appeals of the assessees regarding the assessment of Long Term Capital Loss on the sale of agricultural land. It considered the valuation methods and determined the Fair Market Value as on 01.04.1981 based on the rates provided by various authorities, directing the Assessing Officer to calculate Long Term Capital Gain using the average FMV rate. The orders were announced in a Virtual Court hearing on 13th January 2021. Case-Laws Income Tax Wed, 13 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305585