https://www.taxtmi.com/caselaws?id=220105 The Tribunal allowed the revenue's appeal for statistical purposes, remanding the tonnage tax scheme issue for fresh consideration by the CIT(A) based on the data available at the application date. The assessee's appeal was dismissed, upholding the application of Section 50C to the property sale, determining the higher value for capital gains calculation. en-us Fri, 14 Sep 2012 00:00:00 +0530 Thu, 10 Jan 2013 13:02:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220105 The Tribunal allowed the revenue's appeal for statistical purposes, remanding the tonnage tax scheme issue for fresh consideration by the CIT(A) based on the data available at the application date. The assessee's appeal was dismissed, upholding the application of Section 50C to the property sale, determining the higher value for capital gains calculation. Case-Laws Income Tax Fri, 14 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220105