https://www.taxtmi.com/caselaws?id=189772 The Tribunal ruled in favor of the assessee, holding that the Assessing Officer's reference to the Valuation Officer was unjustified. The Tribunal allowed indexation for capital gains based on the previous owner's acquisition date, contrary to the AO's decision. The issue of charging interest under sections 234A and 234B was remanded back to the First Appellate Authority for reconsideration. The Tribunal partially favored the assessee, allowing the appeal on property valuation and indexation while ordering a review of the interest charges. en-us Wed, 19 Feb 2014 00:00:00 +0530 Thu, 19 Jan 2017 20:46:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189772 The Tribunal ruled in favor of the assessee, holding that the Assessing Officer's reference to the Valuation Officer was unjustified. The Tribunal allowed indexation for capital gains based on the previous owner's acquisition date, contrary to the AO's decision. The issue of charging interest under sections 234A and 234B was remanded back to the First Appellate Authority for reconsideration. The Tribunal partially favored the assessee, allowing the appeal on property valuation and indexation while ordering a review of the interest charges. Case-Laws Income Tax Wed, 19 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189772