https://www.taxtmi.com/caselaws?id=330535 The Tribunal upheld the decisions of the Commissioner of Income Tax (Appeal) regarding the allocation of value for capital gains and the deletion of quantum addition, leading to the dismissal of the Revenue's appeal and the allowance of the assessee's appeal. The judgment highlighted the importance of considering market values and legal precedents in determining tax liabilities and penalties under the Income Tax Act, 1961. en-us Tue, 14 Jun 2016 00:00:00 +0530 Thu, 28 Jul 2016 17:23:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330535 The Tribunal upheld the decisions of the Commissioner of Income Tax (Appeal) regarding the allocation of value for capital gains and the deletion of quantum addition, leading to the dismissal of the Revenue's appeal and the allowance of the assessee's appeal. The judgment highlighted the importance of considering market values and legal precedents in determining tax liabilities and penalties under the Income Tax Act, 1961. Case-Laws Income Tax Tue, 14 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330535