https://www.taxtmi.com/caselaws?id=178798 The Tribunal allowed the revenue's appeal for statistical purposes, directing a valuation referral to the DVO for computing capital gain under sec.50C. It emphasized the importance of considering the net land area available for transfer, excluding TDR or additional FSI value. The Tribunal rejected the revenue's reliance on a High Court decision and instructed the AO to provide a fair hearing to the assessee during valuation proceedings. Ultimately, the Tribunal set aside the Ld. CIT (A) order and emphasized the necessity of a thorough valuation process. en-us Wed, 28 Mar 2012 00:00:00 +0530 Tue, 17 Apr 2018 11:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178798 The Tribunal allowed the revenue's appeal for statistical purposes, directing a valuation referral to the DVO for computing capital gain under sec.50C. It emphasized the importance of considering the net land area available for transfer, excluding TDR or additional FSI value. The Tribunal rejected the revenue's reliance on a High Court decision and instructed the AO to provide a fair hearing to the assessee during valuation proceedings. Ultimately, the Tribunal set aside the Ld. CIT (A) order and emphasized the necessity of a thorough valuation process. Case-Laws Income Tax Wed, 28 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178798