https://www.taxtmi.com/caselaws?id=193453 The Tribunal upheld the Assessing Officer's and CIT(A)'s decisions, dismissing the appellant's appeal regarding the valuation of a property for capital gains tax computation under Sec. 50C of the Income Tax Act. The appellant failed to provide sufficient evidence to challenge the Stamp Valuation Authority's valuation, leading to the adoption of the SVA value for tax purposes. The judgment stressed the significance of complying with statutory procedures and presenting substantial evidence to contest valuation determinations by tax authorities. en-us Wed, 04 Mar 2015 00:00:00 +0530 Mon, 31 Jul 2017 08:10:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193453 The Tribunal upheld the Assessing Officer's and CIT(A)'s decisions, dismissing the appellant's appeal regarding the valuation of a property for capital gains tax computation under Sec. 50C of the Income Tax Act. The appellant failed to provide sufficient evidence to challenge the Stamp Valuation Authority's valuation, leading to the adoption of the SVA value for tax purposes. The judgment stressed the significance of complying with statutory procedures and presenting substantial evidence to contest valuation determinations by tax authorities. Case-Laws Income Tax Wed, 04 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193453