https://www.taxtmi.com/caselaws?id=193172 The Tribunal set aside the CIT(A)'s decision and directed the AO to delete the addition of long term capital gains in a case concerning discrepancies in property sale consideration. The Tribunal emphasized adherence to statutory provisions and legal interpretations, ruling that the AO's reference to the DVO was unjustified as the declared value exceeded the fair market value. The judgment reinforced the significance of legal principles in tax assessments, ensuring fair treatment for taxpayers and upholding established standards in tax matters. en-us Fri, 22 Jul 2016 00:00:00 +0530 Sat, 15 Jul 2017 15:28:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193172 The Tribunal set aside the CIT(A)'s decision and directed the AO to delete the addition of long term capital gains in a case concerning discrepancies in property sale consideration. The Tribunal emphasized adherence to statutory provisions and legal interpretations, ruling that the AO's reference to the DVO was unjustified as the declared value exceeded the fair market value. The judgment reinforced the significance of legal principles in tax assessments, ensuring fair treatment for taxpayers and upholding established standards in tax matters. Case-Laws Income Tax Fri, 22 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193172