https://www.taxtmi.com/caselaws?id=209853 The Tribunal upheld the application of Section 50C to the transfer of development rights, rejected the higher valuation of land proposed by the assessee, and dismissed the argument regarding the tax liability discrepancy between co-owners due to lack of evidence. The Tribunal directed the AO to reconsider the indexation of the building cost in the computation of long-term capital gains. The appeal was partly allowed for statistical purposes. en-us Wed, 13 Apr 2011 00:00:00 +0530 Wed, 10 Jul 2013 10:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209853 The Tribunal upheld the application of Section 50C to the transfer of development rights, rejected the higher valuation of land proposed by the assessee, and dismissed the argument regarding the tax liability discrepancy between co-owners due to lack of evidence. The Tribunal directed the AO to reconsider the indexation of the building cost in the computation of long-term capital gains. The appeal was partly allowed for statistical purposes. Case-Laws Income Tax Wed, 13 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209853