https://www.taxtmi.com/caselaws?id=344877 The Tribunal ruled in favor of the assessee, directing the deletion of the addition made by the Assessing Officer in the computation of long term capital gains on the sale of the property. The Tribunal found that the reference to the DVO was not valid as the declared value by the assessee exceeded the fair market value. Therefore, the appeal was allowed, and the order of the CIT(A) was set aside, ultimately favoring the assessee in the dispute over the Fair Market Value. en-us Fri, 18 Nov 2016 00:00:00 +0530 Fri, 30 Jun 2017 07:10:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344877 The Tribunal ruled in favor of the assessee, directing the deletion of the addition made by the Assessing Officer in the computation of long term capital gains on the sale of the property. The Tribunal found that the reference to the DVO was not valid as the declared value by the assessee exceeded the fair market value. Therefore, the appeal was allowed, and the order of the CIT(A) was set aside, ultimately favoring the assessee in the dispute over the Fair Market Value. Case-Laws Income Tax Fri, 18 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344877