Tribunal held that the existence of the rental agreement, the receipt of rent and the rental advance were not disputed. Therefore, the value of the land and building should be determined on the basis of the rent capitalisation method. The assessee had quantified the value at Rs. 8,28,750, which may be rounded off to Rs. 10 lakhs. Therefore, the Assessing Officer was directed to adopt Rs. 10 lakhs as the cost of acquisition for the land and building as on April 1, 1981 and proceed to determine the cost of indexation accordingly, for the determination of capital gains in the assessee’s hands.( AY.2005-06)