https://www.taxtmi.com/caselaws?id=187374 The Revenue's appeal against the CIT(A) order deleting additions of Rs. 27,51,870 based on fair market value discrepancies was dismissed by the Tribunal. The Tribunal upheld the CIT(A)'s decision, citing precedents and clarifying that capital gain tax should be computed based on the "full value" of consideration, not the market value determined by a valuation report. The Tribunal emphasized that capital gain tax cannot be imposed solely on fair market value discrepancies, leading to the dismissal of the Revenue's appeal. en-us Tue, 08 Sep 2009 00:00:00 +0530 Wed, 19 Oct 2016 18:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187374 The Revenue's appeal against the CIT(A) order deleting additions of Rs. 27,51,870 based on fair market value discrepancies was dismissed by the Tribunal. The Tribunal upheld the CIT(A)'s decision, citing precedents and clarifying that capital gain tax should be computed based on the "full value" of consideration, not the market value determined by a valuation report. The Tribunal emphasized that capital gain tax cannot be imposed solely on fair market value discrepancies, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Tue, 08 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187374