https://www.taxtmi.com/caselaws?id=347759 The Tribunal partially allowed the assessee's appeal and dismissed the revenue's appeal in a case involving disallowance under section 14A of the Income Tax Act, the applicability of Capital Gains Tax, and the determination of the Year of Cost of Acquisition for Capital Gains. The Tribunal upheld the assessee's position on disallowance under section 14A, restricted the sale consideration to stamp duty valuation for Capital Gains Tax purposes, and emphasized the use of stamp valuation over DVO valuation in determining capital gains, leading to the favorable outcome for the assessee. en-us Wed, 16 Aug 2017 00:00:00 +0530 Wed, 29 Nov 2017 18:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347759 The Tribunal partially allowed the assessee's appeal and dismissed the revenue's appeal in a case involving disallowance under section 14A of the Income Tax Act, the applicability of Capital Gains Tax, and the determination of the Year of Cost of Acquisition for Capital Gains. The Tribunal upheld the assessee's position on disallowance under section 14A, restricted the sale consideration to stamp duty valuation for Capital Gains Tax purposes, and emphasized the use of stamp valuation over DVO valuation in determining capital gains, leading to the favorable outcome for the assessee. Case-Laws Income Tax Wed, 16 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347759