https://www.taxtmi.com/caselaws?id=59710 The Tribunal ITAT BOMBAY-K dismissed the Revenue's appeal, affirming the CIT(A)'s directive to allow the indexed cost of acquisition at Rs. 37,98,219. The Tribunal found the reference to the District Valuation Officer under section 55A invalid, supporting the assessee's cross-objection. It upheld the CIT(A)'s decision to limit the disallowance of expenses to Rs. 10,70,000, rejecting the assessee's appeal on this issue. en-us Thu, 20 Sep 2007 00:00:00 +0530 Fri, 02 Feb 2024 12:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59710 The Tribunal ITAT BOMBAY-K dismissed the Revenue's appeal, affirming the CIT(A)'s directive to allow the indexed cost of acquisition at Rs. 37,98,219. The Tribunal found the reference to the District Valuation Officer under section 55A invalid, supporting the assessee's cross-objection. It upheld the CIT(A)'s decision to limit the disallowance of expenses to Rs. 10,70,000, rejecting the assessee's appeal on this issue. Case-Laws Income Tax Thu, 20 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59710