https://www.taxtmi.com/caselaws?id=221501 The High Court affirmed the lower authorities' decision to adopt the sale consideration at Rs.6,48,000, based on a sale agreement, for calculating long-term capital gains from a property sale. The court emphasized the wife's signature on the agreement and the purchasers' acknowledgment of paying Rs.6,48,000. Despite the appellant's arguments regarding lack of authorization for the agreement, the court found no legal flaws in the lower authorities' rulings. The appeal was dismissed in favor of the revenue, concluding that the substantial legal question was resolved in favor of the revenue without any legal defects. en-us Mon, 18 Feb 2013 00:00:00 +0530 Tue, 02 Jul 2013 12:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221501 The High Court affirmed the lower authorities' decision to adopt the sale consideration at Rs.6,48,000, based on a sale agreement, for calculating long-term capital gains from a property sale. The court emphasized the wife's signature on the agreement and the purchasers' acknowledgment of paying Rs.6,48,000. Despite the appellant's arguments regarding lack of authorization for the agreement, the court found no legal flaws in the lower authorities' rulings. The appeal was dismissed in favor of the revenue, concluding that the substantial legal question was resolved in favor of the revenue without any legal defects. Case-Laws Income Tax Mon, 18 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221501