https://www.taxtmi.com/caselaws?id=386856 The Tribunal allowed the appeal, directing the Assessing Officer to consider the DLC rate on the date of the agreement as the full value consideration, thereby nullifying the addition of Rs. 1,71,600 to the assessee's income under Section 50C of the Income Tax Act, 1961. This decision highlights the retrospective applicability of the proviso to Section 50C, offering relief to the assessee. en-us Thu, 25 Jul 2019 00:00:00 +0530 Thu, 10 Oct 2019 15:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386856 The Tribunal allowed the appeal, directing the Assessing Officer to consider the DLC rate on the date of the agreement as the full value consideration, thereby nullifying the addition of Rs. 1,71,600 to the assessee's income under Section 50C of the Income Tax Act, 1961. This decision highlights the retrospective applicability of the proviso to Section 50C, offering relief to the assessee. Case-Laws Income Tax Thu, 25 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386856