https://www.taxtmi.com/caselaws?id=277815 The Tribunal dismissed both the Revenue's and the assessee's appeals regarding the valuation of property for stamp duty purposes and the application of section 50C of the Act for Assessment Year 2005-06. The Revenue's appeal challenging the deletion of an addition under section 50C was rejected as the assessee could only be taxed on the actual gain received, based on the agreed consideration for the land. The Tribunal upheld the Commissioner of Income Tax (Appeals) decision, leading to the dismissal of both appeals. en-us Fri, 31 Jul 2015 00:00:00 +0530 Wed, 26 Dec 2018 00:38:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277815 The Tribunal dismissed both the Revenue's and the assessee's appeals regarding the valuation of property for stamp duty purposes and the application of section 50C of the Act for Assessment Year 2005-06. The Revenue's appeal challenging the deletion of an addition under section 50C was rejected as the assessee could only be taxed on the actual gain received, based on the agreed consideration for the land. The Tribunal upheld the Commissioner of Income Tax (Appeals) decision, leading to the dismissal of both appeals. Case-Laws Income Tax Fri, 31 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277815