https://www.taxtmi.com/caselaws?id=327015 The case involved a dispute over the valuation of property for capital gains computation based on a Joint Development Agreement (JDA). The Appellate Tribunal upheld the decision of the CIT(A), ruling that the capital gains should be calculated using the fair market value of the property at the time of the JDA, rather than the cost of construction. The Tribunal emphasized that the consideration for capital gains should be based on the guidance value of the property, as determined by various judgments, dismissing the revenue's appeal. en-us Fri, 18 Mar 2016 00:00:00 +0530 Sat, 30 Apr 2016 16:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327015 The case involved a dispute over the valuation of property for capital gains computation based on a Joint Development Agreement (JDA). The Appellate Tribunal upheld the decision of the CIT(A), ruling that the capital gains should be calculated using the fair market value of the property at the time of the JDA, rather than the cost of construction. The Tribunal emphasized that the consideration for capital gains should be based on the guidance value of the property, as determined by various judgments, dismissing the revenue's appeal. Case-Laws Income Tax Fri, 18 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327015