https://www.taxtmi.com/caselaws?id=388681 The Tribunal allowed the appeals, ruling in favor of the assessees and overturning the additions made by the Assessing Officer. It held that the declared sale consideration exceeded the value required for stamp duty, thus no additional capital gain was to be computed. The decision underscored the significance of considering the asset's nature and transfer date, along with the application of section 50C in determining the full sale consideration. en-us Mon, 18 Nov 2019 00:00:00 +0530 Wed, 20 Nov 2019 12:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388681 The Tribunal allowed the appeals, ruling in favor of the assessees and overturning the additions made by the Assessing Officer. It held that the declared sale consideration exceeded the value required for stamp duty, thus no additional capital gain was to be computed. The decision underscored the significance of considering the asset's nature and transfer date, along with the application of section 50C in determining the full sale consideration. Case-Laws Income Tax Mon, 18 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388681