https://www.taxtmi.com/caselaws?id=215856 The Tribunal dismissed the Revenue's appeal, affirming that the fair market value determined by the Departmental valuer cannot replace the full value of consideration for computing capital gains unless specific statutory provisions like section 50C are invoked. The decision aligned with established legal principles and judicial precedents, emphasizing the importance of actual consideration received in determining capital gains and rejecting the substitution of fair market value without statutory mandate. en-us Fri, 11 Jun 2010 00:00:00 +0530 Tue, 11 Jun 2013 17:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215856 The Tribunal dismissed the Revenue's appeal, affirming that the fair market value determined by the Departmental valuer cannot replace the full value of consideration for computing capital gains unless specific statutory provisions like section 50C are invoked. The decision aligned with established legal principles and judicial precedents, emphasizing the importance of actual consideration received in determining capital gains and rejecting the substitution of fair market value without statutory mandate. Case-Laws Income Tax Fri, 11 Jun 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215856