https://www.taxtmi.com/caselaws?id=367351 The appeal involved the invocation of section 50C of the Income Tax Act, 1961, regarding the sale consideration of a property. The authorities upheld the adoption of Rs. 31.10 lakhs as the sale consideration, rejecting the assessee's explanation regarding the registration date. Additionally, the Tribunal upheld the CIT(A)'s decision to allow only Rs. 1.00 lakh for property improvement expenses, leading to the dismissal of the appeal. Ultimately, the appeal filed by the assessee was dismissed, with the order pronounced on August 10, 2018. en-us Fri, 10 Aug 2018 00:00:00 +0530 Wed, 19 Sep 2018 07:50:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367351 The appeal involved the invocation of section 50C of the Income Tax Act, 1961, regarding the sale consideration of a property. The authorities upheld the adoption of Rs. 31.10 lakhs as the sale consideration, rejecting the assessee's explanation regarding the registration date. Additionally, the Tribunal upheld the CIT(A)'s decision to allow only Rs. 1.00 lakh for property improvement expenses, leading to the dismissal of the appeal. Ultimately, the appeal filed by the assessee was dismissed, with the order pronounced on August 10, 2018. Case-Laws Income Tax Fri, 10 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367351