https://www.taxtmi.com/caselaws?id=253023 The Tribunal upheld the applicability of Section 50C of the Income Tax Act, dismissing the assessee's arguments challenging its application due to property valuation disputes and the timing of the property transfer. It found the evidence presented insufficient to prove the transfer occurred in 1994 as claimed. The Tribunal also addressed the oversight of not deciding on certain grounds raised by the assessee, leading to a partial allowance for reconsideration of those grounds. The decision was rendered on 29/10/2014. en-us Wed, 29 Oct 2014 00:00:00 +0530 Wed, 12 Nov 2014 08:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253023 The Tribunal upheld the applicability of Section 50C of the Income Tax Act, dismissing the assessee's arguments challenging its application due to property valuation disputes and the timing of the property transfer. It found the evidence presented insufficient to prove the transfer occurred in 1994 as claimed. The Tribunal also addressed the oversight of not deciding on certain grounds raised by the assessee, leading to a partial allowance for reconsideration of those grounds. The decision was rendered on 29/10/2014. Case-Laws Income Tax Wed, 29 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253023