https://www.taxtmi.com/caselaws?id=260490 The appeal contested the Assessing Officer's addition of long-term capital gain based on property transfer to an Association of Persons. The dispute revolved around the variance in consideration amount, with the Assessing Officer using a higher figure. The Tribunal clarified the application of section 50C, emphasizing its activation only when stamp duty value exceeds actual consideration. After scrutinizing agreements and valuations, the Tribunal concluded that the addition was unjustified, directing its deletion and allowing the appellant's appeal. en-us Wed, 25 Feb 2015 00:00:00 +0530 Thu, 12 Mar 2015 15:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260490 The appeal contested the Assessing Officer's addition of long-term capital gain based on property transfer to an Association of Persons. The dispute revolved around the variance in consideration amount, with the Assessing Officer using a higher figure. The Tribunal clarified the application of section 50C, emphasizing its activation only when stamp duty value exceeds actual consideration. After scrutinizing agreements and valuations, the Tribunal concluded that the addition was unjustified, directing its deletion and allowing the appellant's appeal. Case-Laws Income Tax Wed, 25 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260490