https://www.taxtmi.com/caselaws?id=361123 The ITAT Hyderabad allowed the appeal regarding the valuation of property for capital gains tax purposes, directing a 30% adjustment in property valuation due to pending disputes. The ITAT also instructed a reevaluation of the deduction claim for advocate fees, requiring proper confirmations from lawyers. Additionally, the ITAT remitted the claim of expenditure for land activities back to the AO for reassessment based on evidence presented. The judgment underscores the significance of documentation and verification in tax assessments to ensure fairness for taxpayers and compliance with legal standards. en-us Wed, 23 May 2018 00:00:00 +0530 Tue, 29 May 2018 10:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361123 The ITAT Hyderabad allowed the appeal regarding the valuation of property for capital gains tax purposes, directing a 30% adjustment in property valuation due to pending disputes. The ITAT also instructed a reevaluation of the deduction claim for advocate fees, requiring proper confirmations from lawyers. Additionally, the ITAT remitted the claim of expenditure for land activities back to the AO for reassessment based on evidence presented. The judgment underscores the significance of documentation and verification in tax assessments to ensure fairness for taxpayers and compliance with legal standards. Case-Laws Income Tax Wed, 23 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361123