https://www.taxtmi.com/caselaws?id=216138 The Tribunal dismissed the Revenue's argument against the acceptance of fresh evidence, finding no merit in the case. Regarding the computation of long-term capital gains, the Tribunal held that section 50C applies to the transfers in question, and the value determined by the Stamp Valuation Authority should be used for calculating capital gains. The Tribunal partially allowed the Revenue's appeal, affirming the decision of the CIT(A) in granting relief to the assessee. en-us Thu, 09 Aug 2012 00:00:00 +0530 Thu, 30 Aug 2012 15:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216138 The Tribunal dismissed the Revenue's argument against the acceptance of fresh evidence, finding no merit in the case. Regarding the computation of long-term capital gains, the Tribunal held that section 50C applies to the transfers in question, and the value determined by the Stamp Valuation Authority should be used for calculating capital gains. The Tribunal partially allowed the Revenue's appeal, affirming the decision of the CIT(A) in granting relief to the assessee. Case-Laws Income Tax Thu, 09 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216138