Case Law Details
Case Name : Atul G. Puranik Vs. ITO (ITAT Mumbai)
Appeal Number : I.T.A. No. 3051/ Mum/2010
Date of Judgement/Order : 13/05/2011
Related Assessment Year : 2006- 07
Courts :
All ITAT ITAT Mumbai
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Atul G. Puranik Vs. ITO (ITAT Mumbai) – Where the assessee acquired rights in plot in exchange of plot owned by his father, then the market value of the land so received on the date of acquisition will be the cost of acquisition of such land.
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