https://www.taxtmi.com/caselaws?id=268467 The Tribunal ruled in favor of the appellant regarding the valuation of a plot and construction for computing long-term capital gains. It found errors in the Assessing Officer and CIT(A)'s rejection of the appellant's valuer's report without proper justification. The Tribunal accepted the appellant's valuation for the plot at Rs. 800 per sq. yd and adjusted the construction valuation to Rs. 700 per sq. yd. The decision aimed to rectify valuation discrepancies and emphasized the importance of accurate valuation methods in determining long-term capital gains. en-us Wed, 30 Sep 2015 00:00:00 +0530 Thu, 26 Nov 2015 06:52:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268467 The Tribunal ruled in favor of the appellant regarding the valuation of a plot and construction for computing long-term capital gains. It found errors in the Assessing Officer and CIT(A)'s rejection of the appellant's valuer's report without proper justification. The Tribunal accepted the appellant's valuation for the plot at Rs. 800 per sq. yd and adjusted the construction valuation to Rs. 700 per sq. yd. The decision aimed to rectify valuation discrepancies and emphasized the importance of accurate valuation methods in determining long-term capital gains. Case-Laws Income Tax Wed, 30 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268467