https://www.taxtmi.com/caselaws?id=236542 The Appellate Tribunal allowed the appeal, emphasizing the correct application of Sec. 50C for property transfer value determination, the requirement to refer valuation matters to the Valuation Officer under Sec. 50C(2), and the permissibility of set off of unabsorbed depreciation against Long Term Capital Gains in accordance with legal provisions and precedents. The Tribunal directed the Assessing Officer to refer the valuation matter to the appropriate authority and permitted the set off of unabsorbed depreciation against Long Term Capital Gains, ensuring a fair opportunity for the assessee to present their case. en-us Fri, 05 Jul 2013 00:00:00 +0530 Fri, 25 Mar 2016 11:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236542 The Appellate Tribunal allowed the appeal, emphasizing the correct application of Sec. 50C for property transfer value determination, the requirement to refer valuation matters to the Valuation Officer under Sec. 50C(2), and the permissibility of set off of unabsorbed depreciation against Long Term Capital Gains in accordance with legal provisions and precedents. The Tribunal directed the Assessing Officer to refer the valuation matter to the appropriate authority and permitted the set off of unabsorbed depreciation against Long Term Capital Gains, ensuring a fair opportunity for the assessee to present their case. Case-Laws Income Tax Fri, 05 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236542