https://www.taxtmi.com/caselaws?id=367574 The Tribunal directed the CIT(A) to re-examine the issue of Short-Term Capital Gain (STCG) addition under Section 50C after obtaining a valuation report from the Departmental Valuation Officer (DVO) regarding the fair market value of the disputed industrial land. The Tribunal emphasized considering documents related to unauthorized possession and litigation of the land and providing the assessee with an opportunity to furnish necessary details to the DVO and the CIT(A). The appeal was allowed for statistical purposes. en-us Wed, 19 Sep 2018 00:00:00 +0530 Fri, 21 Sep 2018 12:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367574 The Tribunal directed the CIT(A) to re-examine the issue of Short-Term Capital Gain (STCG) addition under Section 50C after obtaining a valuation report from the Departmental Valuation Officer (DVO) regarding the fair market value of the disputed industrial land. The Tribunal emphasized considering documents related to unauthorized possession and litigation of the land and providing the assessee with an opportunity to furnish necessary details to the DVO and the CIT(A). The appeal was allowed for statistical purposes. Case-Laws Income Tax Wed, 19 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367574