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2012 (11) TMI 1098 - HC - Income TaxComputation of capital gains - Adoption of Fair Market value - Held that:- it is prudent on the part of the lower authorities to estimate the fair market value as on 1-4-1981 on the basis of the valuation officer's report, through reverse indexation method and consequently orders of the Commissioner (Appeals) and the Assessing Authority are set aside - Decided against the revenue.
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