https://www.taxtmi.com/highlights?id=50937 Addition on account of long-term capital gain on sale of properties - VO had applied CPWD rate whereas he should have applied PWD rates and should have allowed depreciation @95% of cost taking the life of properties at 60 years. The AO is therefore, directed to consider value of property as per Rent Capitalization Method and compute capital gains accordingly. en-us Sun, 29 Dec 2019 09:50:30 +0530 Sun, 29 Dec 2019 09:50:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=50937 Addition on account of long-term capital gain on sale of properties - VO had applied CPWD rate whereas he should have applied PWD rates and should have allowed depreciation @95% of cost taking the life of properties at 60 years. The AO is therefore, directed to consider value of property as per Rent Capitalization Method and compute capital gains accordingly. Highlights Income Tax Sun, 29 Dec 2019 09:50:30 +0530 https://www.taxtmi.com/highlights?id=50937