https://www.taxtmi.com/caselaws?id=364162 The Tribunal upheld the Commissioner of Income Tax (Appeals)'s decision in directing the Assessing Officer to calculate capital gains based on stamp duty valuation from November 2010 instead of the registration date in June 2011. Additionally, the Tribunal affirmed the allowance of deduction under section 54B of the Income Tax Act for the assessee, emphasizing fair treatment and adherence to legal provisions. The judgment clarified the computation of capital gains and deductions, ensuring consistency with relevant legal provisions and precedents, ultimately dismissing the Revenue's appeal on both issues. en-us Wed, 18 Jul 2018 00:00:00 +0530 Tue, 24 Jul 2018 08:51:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364162 The Tribunal upheld the Commissioner of Income Tax (Appeals)'s decision in directing the Assessing Officer to calculate capital gains based on stamp duty valuation from November 2010 instead of the registration date in June 2011. Additionally, the Tribunal affirmed the allowance of deduction under section 54B of the Income Tax Act for the assessee, emphasizing fair treatment and adherence to legal provisions. The judgment clarified the computation of capital gains and deductions, ensuring consistency with relevant legal provisions and precedents, ultimately dismissing the Revenue's appeal on both issues. Case-Laws Income Tax Wed, 18 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364162