https://www.taxtmi.com/caselaws?id=204322 The Tribunal dismissed the Department's appeal, upholding the CIT (A)'s direction to refer the property to the D.V.O. for valuation under section 50C of the Income Tax Act. This decision emphasizes the importance of adhering to statutory provisions in resolving valuation disputes and accurately computing capital gains in property transactions. en-us Wed, 29 Dec 2010 00:00:00 +0530 Tue, 12 Jul 2011 16:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204322 The Tribunal dismissed the Department's appeal, upholding the CIT (A)'s direction to refer the property to the D.V.O. for valuation under section 50C of the Income Tax Act. This decision emphasizes the importance of adhering to statutory provisions in resolving valuation disputes and accurately computing capital gains in property transactions. Case-Laws Income Tax Wed, 29 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204322