2018 (11) TMI 394

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....HONOURABLE MR.JUSTICE AKIL KURESHI) 1. The Revenue is in appeal against the judgment of the Income Tax Appellate Tribunal dated 02.04.2018. 2. The following question has been presented for our consideration; "Whether the Appellate Tribunal has erred on the facts and in law in deleting the addition of Rs. 13,97,290/made on account of Long Term Capital Gains?" 3. The issue pertains to the Asses....

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....ed valuer, if the Assessing Officer was of the opinion that the value so claimed was less than its fair market value as on April 1, 1981. It would not be the case of the Assessing Officer that the value of the asset shown as on April 1, 1981 was less than the fair market value. Such clause, therefore, as it stood at the relevant time, had no application to the valuation as on April 1, 1981. We are....