https://www.taxtmi.com/caselaws?id=365889 The Tribunal's judgment primarily focused on the applicability of section 50C to a leasehold property, directing a reevaluation by the Assessing Officer. The valuation of the property for capital gains calculation and determination of long term capital gain on the inherited property were not extensively discussed. The appeal was allowed for statistical purposes, emphasizing the need for a fresh assessment considering the leasehold nature of the property and relevant legal precedents. en-us Tue, 21 Aug 2018 00:00:00 +0530 Sat, 25 Aug 2018 09:28:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365889 The Tribunal's judgment primarily focused on the applicability of section 50C to a leasehold property, directing a reevaluation by the Assessing Officer. The valuation of the property for capital gains calculation and determination of long term capital gain on the inherited property were not extensively discussed. The appeal was allowed for statistical purposes, emphasizing the need for a fresh assessment considering the leasehold nature of the property and relevant legal precedents. Case-Laws Income Tax Tue, 21 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365889