https://www.taxtmi.com/caselaws?id=185952 The Tribunal upheld the CIT(A)'s decisions on various grounds, emphasizing the accurate valuation of encumbered properties through the DVO and clarifying the non-applicability of Section 50C for transactions registered before its enactment. The Tribunal directed the AO to reassess capital gains post DVO's valuation, remanding certain issues back for further consideration. Overall, the Tribunal focused on ensuring the correct application of legal provisions and principles in the case. en-us Wed, 12 Jan 2011 00:00:00 +0530 Sat, 03 Sep 2016 12:06:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185952 The Tribunal upheld the CIT(A)'s decisions on various grounds, emphasizing the accurate valuation of encumbered properties through the DVO and clarifying the non-applicability of Section 50C for transactions registered before its enactment. The Tribunal directed the AO to reassess capital gains post DVO's valuation, remanding certain issues back for further consideration. Overall, the Tribunal focused on ensuring the correct application of legal provisions and principles in the case. Case-Laws Income Tax Wed, 12 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185952