https://www.taxtmi.com/caselaws?id=360065 The Tribunal upheld the CIT-A's decision to delete an addition of Rs. 1,34,00,000 and accept the sale consideration at Rs. 3,20,00,000 for the assessment year 2013-14. The CIT-A's direction led to the calculation of capital gains in line with the accepted sale consideration. Additionally, the CIT-A's decision to remand the issue of deduction under section 54 for verification by the AO was upheld. The Tribunal supported the CIT-A's authority to make decisions based on available evidence, emphasizing the importance of complying with legal requirements and providing substantial evidence. en-us Fri, 04 May 2018 00:00:00 +0530 Wed, 09 May 2018 08:36:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360065 The Tribunal upheld the CIT-A's decision to delete an addition of Rs. 1,34,00,000 and accept the sale consideration at Rs. 3,20,00,000 for the assessment year 2013-14. The CIT-A's direction led to the calculation of capital gains in line with the accepted sale consideration. Additionally, the CIT-A's decision to remand the issue of deduction under section 54 for verification by the AO was upheld. The Tribunal supported the CIT-A's authority to make decisions based on available evidence, emphasizing the importance of complying with legal requirements and providing substantial evidence. Case-Laws Income Tax Fri, 04 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360065