https://www.taxtmi.com/caselaws?id=37871 For capital gains computation, written down value governed as the cost of acquisition where section 55(2) could not displace section 50 and the asset was not acquired in a mode covered by section 48; the fair market value as on 1 January 1954 was therefore unavailable, and the issue was decided for the Revenue. On maintainability, no appeal lay against a fresh assessment made strictly in compliance with remand directions where the computations were not in dispute and the assessment was merely consequential; the proper challenge, if any, was to the remand order itself, and this issue was also decided for the Revenue. en-us Wed, 12 Jul 1978 00:00:00 +0530 Thu, 01 Apr 2010 15:26:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37871 For capital gains computation, written down value governed as the cost of acquisition where section 55(2) could not displace section 50 and the asset was not acquired in a mode covered by section 48; the fair market value as on 1 January 1954 was therefore unavailable, and the issue was decided for the Revenue. On maintainability, no appeal lay against a fresh assessment made strictly in compliance with remand directions where the computations were not in dispute and the assessment was merely consequential; the proper challenge, if any, was to the remand order itself, and this issue was also decided for the Revenue. Case-Laws Income Tax Wed, 12 Jul 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37871