https://www.taxtmi.com/caselaws?id=244240 The Tribunal dismissed the Revenue's appeal and affirmed the CIT(A)'s decision to delete the addition to the long term capital gain. It emphasized the importance of correctly applying section 50C provisions and considering disputes raised by the assessee regarding property valuation. The Tribunal highlighted the necessity of referring matters to the DVO when required, based on a thorough analysis of the case facts and legal provisions, ultimately supporting the assessee's arguments and rejecting the Revenue's appeal. en-us Thu, 31 Oct 2013 00:00:00 +0530 Fri, 21 Feb 2014 09:50:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244240 The Tribunal dismissed the Revenue's appeal and affirmed the CIT(A)'s decision to delete the addition to the long term capital gain. It emphasized the importance of correctly applying section 50C provisions and considering disputes raised by the assessee regarding property valuation. The Tribunal highlighted the necessity of referring matters to the DVO when required, based on a thorough analysis of the case facts and legal provisions, ultimately supporting the assessee's arguments and rejecting the Revenue's appeal. Case-Laws Income Tax Thu, 31 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244240