https://www.taxtmi.com/caselaws?id=258589 The Tribunal upheld the CIT(A)'s directive to consider the full value of consideration at Rs. 12.50 lac, dismissing the Revenue's appeal. The judgment emphasized the importance of evidence-backed valuation and adherence to statutory provisions in capital gain computations, rejecting arbitrary adjustments based solely on valuation variances. The case highlighted the necessity for Revenue to establish understatement with concrete evidence, maintaining the sanctity of statutory provisions governing capital gains taxation. en-us Thu, 12 Mar 2015 00:00:00 +0530 Wed, 15 Apr 2015 16:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258589 The Tribunal upheld the CIT(A)'s directive to consider the full value of consideration at Rs. 12.50 lac, dismissing the Revenue's appeal. The judgment emphasized the importance of evidence-backed valuation and adherence to statutory provisions in capital gain computations, rejecting arbitrary adjustments based solely on valuation variances. The case highlighted the necessity for Revenue to establish understatement with concrete evidence, maintaining the sanctity of statutory provisions governing capital gains taxation. Case-Laws Income Tax Thu, 12 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258589