https://www.taxtmi.com/caselaws?id=438553 The Tribunal allowed the appeal for statistical purposes, remitting the case to the assessing officer for a fresh determination of capital gain. The fair market value of the plots minus the amount paid to CIDCO was considered the full value of consideration in the first transfer, while the fair market value of the plots at the time of allotment to the assessee was deemed the Cost of Acquisition in the subsequent sale to developers. en-us Thu, 01 Jun 2023 00:00:00 +0530 Sat, 03 Jun 2023 08:55:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438553 The Tribunal allowed the appeal for statistical purposes, remitting the case to the assessing officer for a fresh determination of capital gain. The fair market value of the plots minus the amount paid to CIDCO was considered the full value of consideration in the first transfer, while the fair market value of the plots at the time of allotment to the assessee was deemed the Cost of Acquisition in the subsequent sale to developers. Case-Laws Income Tax Thu, 01 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438553