https://www.taxtmi.com/highlights?id=73206 Computation of capital gain - sale of land in two parts [different AYs] - We agree with the contention of assessee that when a part of the land i.e. 5.74 acres out of the total area of 8.66 acres was sold in A.Y 2013-14 and the remaining part of 2.92 acres of land was sold in A.Y 2014-15, the AO instead of taking the value of the land in acres could not have taken the value per sft which is for developed land with internal roads etc. - AT en-us Fri, 24 Nov 2023 12:50:29 +0530 Fri, 24 Nov 2023 12:50:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=73206 Computation of capital gain - sale of land in two parts [different AYs] - We agree with the contention of assessee that when a part of the land i.e. 5.74 acres out of the total area of 8.66 acres was sold in A.Y 2013-14 and the remaining part of 2.92 acres of land was sold in A.Y 2014-15, the AO instead of taking the value of the land in acres could not have taken the value per sft which is for developed land with internal roads etc. - AT Highlights Income Tax Fri, 24 Nov 2023 12:50:29 +0530 https://www.taxtmi.com/highlights?id=73206