Matter remanded in absence of FMV of plots allotted against compulsory acquisition of land

Nandkumar Gajanan Lad Vs ITO (ITAT Pune)

ITAT Pune discussed the cost of acquisition of two plots allotted against compulsory acquisition of land. Matter remanded in absence of availability of figures of fair market value of two plots which is cost of acquisition in second transaction.

Facts- The assessee along with certain other persons entered into an agreement with M/s. Shriram Builders & Developers for transfer of their rights in respect of Plot Nos.20 & 20A.

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