https://www.taxtmi.com/caselaws?id=60786 The Tribunal allowed the appeal, directing the AO to adopt the FMV as determined by the Registered Valuer for the property at 47, Golf Links, New Delhi. It instructed the use of the cost inflation index for the financial year 1981-82 for calculating the indexed cost of acquisition. Additionally, the Tribunal ruled that the rental income from the Panchsheel Park property should be assessed under the head 'House property', allowing for statutory deductions, as opposed to 'Other sources', based on the principle of consistency in past assessments. en-us Fri, 03 Aug 2007 00:00:00 +0530 Tue, 06 Feb 2024 12:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60786 The Tribunal allowed the appeal, directing the AO to adopt the FMV as determined by the Registered Valuer for the property at 47, Golf Links, New Delhi. It instructed the use of the cost inflation index for the financial year 1981-82 for calculating the indexed cost of acquisition. Additionally, the Tribunal ruled that the rental income from the Panchsheel Park property should be assessed under the head 'House property', allowing for statutory deductions, as opposed to 'Other sources', based on the principle of consistency in past assessments. Case-Laws Income Tax Fri, 03 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60786