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2015 (10) TMI 257 - HC - Income TaxCapital gains in respect of sale of trees only - ITAT remanded the matter to the Assessing Officer to recompute the capital gains by taking 70% of the sale proceeds as market value of the land as on 1-4-1981 - Held that:- The Tribunal has accepted the case of the assessee and has arrived at the cost as claimed at 70% relying on certain earlier decisions of the Tribunal wherein, for valid reasons, 70% of the sale proceeds has been accepted. In view of the aforesaid, we are of the opinion that it cannot be said that the order of the Tribunal is improper as it has followed its earlier decision in the case of Sangameshar Coffee Estate as well as other cases, and thus, has recorded a finding of fact, which need not be disturbed by this Court. - Decided in favour of assessee.
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