https://www.taxtmi.com/caselaws?id=280932 The Tribunal allowed the assessee's appeal, directing the Assessing Officer to compute the fair market value based on the actual rent received from tenants for the tenanted property. If the revised valuation is lower than the sale consideration, no addition on capital gain should be made, potentially resulting in a favorable outcome for the assessee. en-us Wed, 18 Nov 2015 00:00:00 +0530 Tue, 28 May 2019 07:27:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280932 The Tribunal allowed the assessee's appeal, directing the Assessing Officer to compute the fair market value based on the actual rent received from tenants for the tenanted property. If the revised valuation is lower than the sale consideration, no addition on capital gain should be made, potentially resulting in a favorable outcome for the assessee. Case-Laws Income Tax Wed, 18 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280932