https://www.taxtmi.com/caselaws?id=236331 The Income Tax Appellate Tribunal (ITAT) upheld the order of the Commissioner of Income Tax (Appeals) (CIT(A)), confirming the Assessing Officer's actions in estimating the taxable capital gain and following the directions for valuation. The ITAT dismissed the assessee's appeal, affirming the legality and jurisdiction of the order under relevant sections of the Income Tax Act. The valuation method adopted by the Valuation Officer, application of Section 50C, and the calculated taxable capital gain were deemed appropriate and in compliance with the law. en-us Tue, 09 Jul 2013 00:00:00 +0530 Fri, 23 Aug 2013 08:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236331 The Income Tax Appellate Tribunal (ITAT) upheld the order of the Commissioner of Income Tax (Appeals) (CIT(A)), confirming the Assessing Officer's actions in estimating the taxable capital gain and following the directions for valuation. The ITAT dismissed the assessee's appeal, affirming the legality and jurisdiction of the order under relevant sections of the Income Tax Act. The valuation method adopted by the Valuation Officer, application of Section 50C, and the calculated taxable capital gain were deemed appropriate and in compliance with the law. Case-Laws Income Tax Tue, 09 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236331