https://www.taxtmi.com/caselaws?id=193221 The Tribunal partly allowed the appeal, directing a recomputation of capital gain based on revised property values. The Tribunal found the valuation by the District Valuation Officer inappropriate due to the tenanted nature of the properties and unsuitable comparable instances. The Tribunal determined the property values differently from both the assessee's declaration and the DVO's valuation, instructing the Assessing Officer to recalculate the capital gain accordingly. en-us Wed, 16 Sep 2015 00:00:00 +0530 Wed, 19 Jul 2017 10:16:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193221 The Tribunal partly allowed the appeal, directing a recomputation of capital gain based on revised property values. The Tribunal found the valuation by the District Valuation Officer inappropriate due to the tenanted nature of the properties and unsuitable comparable instances. The Tribunal determined the property values differently from both the assessee's declaration and the DVO's valuation, instructing the Assessing Officer to recalculate the capital gain accordingly. Case-Laws Income Tax Wed, 16 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193221