https://www.taxtmi.com/caselaws?id=331708 The Tribunal allowed the appeal in favor of the assessee in a case involving disputed valuation of property for capital gains tax calculation. The decision emphasized using the actual sale consideration disclosed in the sale deed as the basis for determining capital gains tax. Additionally, the Tribunal granted the assessee exemption under Section 54F of the Income Tax Act, noting compliance with investment conditions within the stipulated time frame. The decision also highlighted the importance of providing a fair opportunity for objections on valuation reports and directed a reevaluation of the investment for appropriate exemption calculation. en-us Fri, 15 Jul 2016 00:00:00 +0530 Wed, 31 Aug 2016 08:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331708 The Tribunal allowed the appeal in favor of the assessee in a case involving disputed valuation of property for capital gains tax calculation. The decision emphasized using the actual sale consideration disclosed in the sale deed as the basis for determining capital gains tax. Additionally, the Tribunal granted the assessee exemption under Section 54F of the Income Tax Act, noting compliance with investment conditions within the stipulated time frame. The decision also highlighted the importance of providing a fair opportunity for objections on valuation reports and directed a reevaluation of the investment for appropriate exemption calculation. Case-Laws Income Tax Fri, 15 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331708