https://www.taxtmi.com/caselaws?id=379220 The tribunal dismissed the appeal, upholding the addition of short term capital gain under section 50C. It confirmed the decision of the Ld. CIT(A) on the applicability of section 50C to leasehold property and the validity of the assessment order under sections 147/143(3) of the Act. The tribunal emphasized that once the valuation of the property is accepted by revenue authorities, it cannot be challenged by the assessee. Therefore, the tribunal rejected the grounds raised by the assessee and upheld the Ld. CIT(A)'s decision in its entirety. en-us Thu, 25 Apr 2019 00:00:00 +0530 Tue, 30 Apr 2019 08:05:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379220 The tribunal dismissed the appeal, upholding the addition of short term capital gain under section 50C. It confirmed the decision of the Ld. CIT(A) on the applicability of section 50C to leasehold property and the validity of the assessment order under sections 147/143(3) of the Act. The tribunal emphasized that once the valuation of the property is accepted by revenue authorities, it cannot be challenged by the assessee. Therefore, the tribunal rejected the grounds raised by the assessee and upheld the Ld. CIT(A)'s decision in its entirety. Case-Laws Income Tax Thu, 25 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379220