https://www.taxtmi.com/caselaws?id=215112 The Tribunal directed fresh adjudication in a case where the Revenue appealed against the CIT[A]'s decision to adopt MIDC value for calculating long term capital gains instead of stamp duty value as per sec 50C. The dispute involved whether the transfer included both land and buildings or only sub-divided plots. The Tribunal instructed the AO to refer valuation to an officer, verify construction details, and confirm the transfer's components. The matter was remanded for further assessment, modifying the CIT[A]'s order and allowing the Revenue's appeal for statistical purposes. en-us Fri, 25 May 2012 00:00:00 +0530 Wed, 25 Jul 2012 20:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215112 The Tribunal directed fresh adjudication in a case where the Revenue appealed against the CIT[A]'s decision to adopt MIDC value for calculating long term capital gains instead of stamp duty value as per sec 50C. The dispute involved whether the transfer included both land and buildings or only sub-divided plots. The Tribunal instructed the AO to refer valuation to an officer, verify construction details, and confirm the transfer's components. The matter was remanded for further assessment, modifying the CIT[A]'s order and allowing the Revenue's appeal for statistical purposes. Case-Laws Income Tax Fri, 25 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215112