High Court Dismisses Revenue's Appeal on ITAT's Land Valuation for Capital Gain; Factors Beyond Cost Considered.

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....Capital gain computation - ITAT not accepting cost of acquisition as on 01.04.1981 of the land sold - While adopting valuation of immovable properties, several factors need to be kept in mind. Situational advantages and disadvantages are important factors - Revenue appeal dismissed on the ground of Pure question of facts - HC....