1984 (1) TMI 54 - HC - Income Tax

Summary

The High Court of Punjab and Haryana heard an appeal under the Income Tax Act, 1961, regarding the fair market value of a property sold in Faridabad. The court upheld the Income-tax Appellate Tribunal's decision to exclude certain plot rates from consideration and dismissed the appeal, finding no merit in it. The appeal was filed by the Commissioner, Patiala, against the Tribunal's order dated July 31, 1976, regarding the acquisition of the property.