https://www.taxtmi.com/caselaws?id=388622 The Tribunal allowed the appeal, directing the Assessing Officer to adopt the fair market value certified by a registered valuer for computing capital gains on the sale of property, overturning the Commissioner of Income Tax (Appeals)' decision to use Sub Registrar Office rates. The Tribunal emphasized the importance of considering fair market value over SRO rates and following proper valuation procedures in accordance with the Income Tax Act provisions for accurate capital gains computation. en-us Fri, 15 Nov 2019 00:00:00 +0530 Tue, 19 Nov 2019 13:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388622 The Tribunal allowed the appeal, directing the Assessing Officer to adopt the fair market value certified by a registered valuer for computing capital gains on the sale of property, overturning the Commissioner of Income Tax (Appeals)' decision to use Sub Registrar Office rates. The Tribunal emphasized the importance of considering fair market value over SRO rates and following proper valuation procedures in accordance with the Income Tax Act provisions for accurate capital gains computation. Case-Laws Income Tax Fri, 15 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388622