https://www.taxtmi.com/caselaws?id=269306 The Tribunal upheld the Assessing Officer's adoption of the stamp duty value as the fair market value under section 50C, emphasizing the importance of providing evidence to challenge the DVO's valuation. The decision highlighted the procedural requirements and the Assessing Officer's obligation to follow statutory provisions and tribunal directions in computing capital gains on property sales. The appeal was dismissed, affirming the CIT(A)'s order to confirm the fair market value as per section 50C. en-us Wed, 19 Aug 2015 00:00:00 +0530 Sat, 12 Dec 2015 13:07:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269306 The Tribunal upheld the Assessing Officer's adoption of the stamp duty value as the fair market value under section 50C, emphasizing the importance of providing evidence to challenge the DVO's valuation. The decision highlighted the procedural requirements and the Assessing Officer's obligation to follow statutory provisions and tribunal directions in computing capital gains on property sales. The appeal was dismissed, affirming the CIT(A)'s order to confirm the fair market value as per section 50C. Case-Laws Income Tax Wed, 19 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269306