https://www.taxtmi.com/caselaws?id=330637 The Appellate Tribunal ITAT Hyderabad partially allowed the assessee's appeal, addressing issues related to the assessment of sale consideration under Section 50C, disallowance of expenditure for property improvements, and the assessment of rental income from jointly owned property. The Tribunal upheld the application of Section 50C due to the assessee's failure to challenge the valuation properly. It disallowed a portion of the claimed expenditure but directed adjustment of capital gains. The Tribunal also instructed a reexamination of rental income attribution based on ownership shares. en-us Fri, 15 Jul 2016 00:00:00 +0530 Mon, 01 Aug 2016 16:25:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330637 The Appellate Tribunal ITAT Hyderabad partially allowed the assessee's appeal, addressing issues related to the assessment of sale consideration under Section 50C, disallowance of expenditure for property improvements, and the assessment of rental income from jointly owned property. The Tribunal upheld the application of Section 50C due to the assessee's failure to challenge the valuation properly. It disallowed a portion of the claimed expenditure but directed adjustment of capital gains. The Tribunal also instructed a reexamination of rental income attribution based on ownership shares. Case-Laws Income Tax Fri, 15 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330637