https://www.taxtmi.com/caselaws?id=122972 The Tribunal partly allowed the assessee's appeal, directing the Assessing Officer to refer the valuation matter to the District Valuation Officer (DVO) and recalculate the capital gain based on the DVO's findings. The Tribunal confirmed the applicability of Section 50C to the transfer of development rights and approved the deduction under Section 54 for the fair market value of the flat allotted to the assessee. en-us Fri, 18 Feb 2011 00:00:00 +0530 Wed, 22 Aug 2012 15:11:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122972 The Tribunal partly allowed the assessee's appeal, directing the Assessing Officer to refer the valuation matter to the District Valuation Officer (DVO) and recalculate the capital gain based on the DVO's findings. The Tribunal confirmed the applicability of Section 50C to the transfer of development rights and approved the deduction under Section 54 for the fair market value of the flat allotted to the assessee. Case-Laws Income Tax Fri, 18 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122972