https://www.taxtmi.com/caselaws?id=376294 The Tribunal dismissed the challenge to the validity of reassessment as the assessees did not pursue the issue further. Regarding the adoption of full value consideration under Section 50C, the Tribunal directed the adoption of a revised fair market value based on a blend of the DVO's and the registered valuer's valuations. The disallowance of renovation expenses and excessive brokerage charges was partially allowed, with adjustments made. The judgment provided a balanced resolution, considering legal provisions and factual arguments presented by both parties. en-us Thu, 28 Feb 2019 00:00:00 +0530 Wed, 06 Mar 2019 06:49:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376294 The Tribunal dismissed the challenge to the validity of reassessment as the assessees did not pursue the issue further. Regarding the adoption of full value consideration under Section 50C, the Tribunal directed the adoption of a revised fair market value based on a blend of the DVO's and the registered valuer's valuations. The disallowance of renovation expenses and excessive brokerage charges was partially allowed, with adjustments made. The judgment provided a balanced resolution, considering legal provisions and factual arguments presented by both parties. Case-Laws Income Tax Thu, 28 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376294