https://www.taxtmi.com/caselaws?id=189913 The tribunal allowed the assessee's appeal, directing the Assessing Officer to accept the declared sale prices for both properties. The decision emphasized the importance of correctly declared consideration in determining capital gains and reiterated the revenue's burden to substantiate claims of undervaluation. The judgment highlighted the significance of judicial precedents in interpreting tax laws and ensuring fair assessments based on transparent transactions. en-us Fri, 03 Jan 2003 00:00:00 +0530 Wed, 25 Jan 2017 16:21:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189913 The tribunal allowed the assessee's appeal, directing the Assessing Officer to accept the declared sale prices for both properties. The decision emphasized the importance of correctly declared consideration in determining capital gains and reiterated the revenue's burden to substantiate claims of undervaluation. The judgment highlighted the significance of judicial precedents in interpreting tax laws and ensuring fair assessments based on transparent transactions. Case-Laws Income Tax Fri, 03 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189913