https://www.taxtmi.com/caselaws?id=367721 The Tribunal dismissed the Revenue's appeal challenging the deletion of an addition under the head "Capital Gain" based on the valuation report of the DVO. The Tribunal upheld the CIT(A)'s decision, stating that no addition can be made solely on the basis of a valuation report, emphasizing that fair market value cannot replace the actual consideration received. The Tribunal found no merit in the Revenue's argument, concluding that the deletion of the addition was justified based on established legal principles and precedents. en-us Wed, 01 Aug 2018 00:00:00 +0530 Tue, 25 Sep 2018 08:24:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367721 The Tribunal dismissed the Revenue's appeal challenging the deletion of an addition under the head "Capital Gain" based on the valuation report of the DVO. The Tribunal upheld the CIT(A)'s decision, stating that no addition can be made solely on the basis of a valuation report, emphasizing that fair market value cannot replace the actual consideration received. The Tribunal found no merit in the Revenue's argument, concluding that the deletion of the addition was justified based on established legal principles and precedents. Case-Laws Income Tax Wed, 01 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367721