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2021 (1) TMI 1281 - ITAT SURATLong term capital gain - FMV determination - CIT(A) adopted the Fair Market Value(FMV) of cost of acquisition as on 01.01.1981 @ Rs.14.18 sq. mtr on the basis of report of District Valuation Officer(DVO) - HELD THAT:- Considering the fact that in assessee’s co-owner’s case[2019 (7) TMI 1961 - ITAT SURAT] the Tribunal has directed the AO to adopt the Fair Market Value of land @100 per sq.mtr as on 01.04.1981, therefore, respectfully following the order of coordinate bench the AO is directed to follow the order of the Tribunal above accordingly, appeal of the assessee partly allowed.
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