https://www.taxtmi.com/caselaws?id=182363 The Tribunal partly allowed the assessee's appeal and dismissed the Revenue's appeal in a case involving the valuation of land for computing capital gains. The Tribunal confirmed the capital gains computation based on the valuation by the DVO. It determined that the property sold was non-agricultural, subjecting it to short-term capital gains tax. Additionally, the Tribunal ruled in favor of the assessee regarding the deemed dividend addition under section 2(22)(e) and the allowability of pre-operative expenses as deductions. en-us Thu, 11 Oct 2012 00:00:00 +0530 Wed, 07 Jun 2017 17:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182363 The Tribunal partly allowed the assessee's appeal and dismissed the Revenue's appeal in a case involving the valuation of land for computing capital gains. The Tribunal confirmed the capital gains computation based on the valuation by the DVO. It determined that the property sold was non-agricultural, subjecting it to short-term capital gains tax. Additionally, the Tribunal ruled in favor of the assessee regarding the deemed dividend addition under section 2(22)(e) and the allowability of pre-operative expenses as deductions. Case-Laws Income Tax Thu, 11 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182363