https://www.taxtmi.com/caselaws?id=385571 The Tribunal allowed the appeal for statistical purposes, directing a fresh adjudication by the Assessing Officer to determine the property's fair market value for capital gain computation. The decision was based on the discrepancy between the stamp duty valuation and the fair market value determined by the District Valuation Officer, along with the encumbrance created by a notarized agreement with confirming parties. The issue was remitted to ensure a comprehensive assessment of the property's value in accordance with the Income Tax Act. en-us Mon, 29 Jul 2019 00:00:00 +0530 Mon, 09 Sep 2019 08:11:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385571 The Tribunal allowed the appeal for statistical purposes, directing a fresh adjudication by the Assessing Officer to determine the property's fair market value for capital gain computation. The decision was based on the discrepancy between the stamp duty valuation and the fair market value determined by the District Valuation Officer, along with the encumbrance created by a notarized agreement with confirming parties. The issue was remitted to ensure a comprehensive assessment of the property's value in accordance with the Income Tax Act. Case-Laws Income Tax Mon, 29 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385571