https://www.taxtmi.com/caselaws?id=236720 The Tribunal upheld the Assessing Officer's decision to adopt stamp duty valuation as the full consideration for computing capital gains under Section 50C. The Tribunal rejected arguments for a tolerance band and adjustments for time gaps, stating such provisions are not in the statute and must be addressed legislatively. The appeal was dismissed, affirming the correctness of the Assessing Officer and Commissioner of Income Tax (Appeals)' actions. en-us Fri, 22 Feb 2013 00:00:00 +0530 Fri, 06 Sep 2013 09:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236720 The Tribunal upheld the Assessing Officer's decision to adopt stamp duty valuation as the full consideration for computing capital gains under Section 50C. The Tribunal rejected arguments for a tolerance band and adjustments for time gaps, stating such provisions are not in the statute and must be addressed legislatively. The appeal was dismissed, affirming the correctness of the Assessing Officer and Commissioner of Income Tax (Appeals)' actions. Case-Laws Income Tax Fri, 22 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236720