https://www.taxtmi.com/caselaws?id=181337 The Tribunal dismissed the Revenue's appeal against the CIT(A)'s decision to delete the addition of capital gain. The case involved a dispute over the valuation of land for capital gains assessment, where the District Valuation Officer's report led to the addition of capital gain by the Assessing Officer. The Tribunal ruled in favor of the assessee, emphasizing that Section 50C did not apply as the actual sale value exceeded the stamp valuation, thus upholding the deletion of the addition based on the DVO's valuation. en-us Fri, 12 Jun 2015 00:00:00 +0530 Wed, 13 Apr 2016 18:22:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181337 The Tribunal dismissed the Revenue's appeal against the CIT(A)'s decision to delete the addition of capital gain. The case involved a dispute over the valuation of land for capital gains assessment, where the District Valuation Officer's report led to the addition of capital gain by the Assessing Officer. The Tribunal ruled in favor of the assessee, emphasizing that Section 50C did not apply as the actual sale value exceeded the stamp valuation, thus upholding the deletion of the addition based on the DVO's valuation. Case-Laws Income Tax Fri, 12 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181337