https://www.taxtmi.com/caselaws?id=180876 The tribunal upheld the CIT(A)'s decision that the SRO value as on the date of the agreement of sale should be considered under section 50C of the I.T. Act. It clarified that the provisions of section 50C should be applied based on the date of the sale agreement initiation, dismissing the revenue's appeal. The tribunal emphasized the importance of the sale initiation date in determining the applicability of section 50C, relying on established precedents and legal interpretations. en-us Wed, 04 Nov 2015 00:00:00 +0530 Mon, 04 Apr 2016 09:13:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180876 The tribunal upheld the CIT(A)'s decision that the SRO value as on the date of the agreement of sale should be considered under section 50C of the I.T. Act. It clarified that the provisions of section 50C should be applied based on the date of the sale agreement initiation, dismissing the revenue's appeal. The tribunal emphasized the importance of the sale initiation date in determining the applicability of section 50C, relying on established precedents and legal interpretations. Case-Laws Income Tax Wed, 04 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180876