Income Tax Commissioner Rejects 1981 Valuation of Wells and Roads; Assessee's Conservative Investing Under Scrutiny.

Cost of acquisition - CIT(A) not accepting the value of wells, Baories and roads as on 01.04.1981 - The assessee may be a conservative investor and may not have invested in mutual funds, stock market or private equity, however, the same cannot be held against him unless the considerations as stated above are examined in detail. .....

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