https://www.taxtmi.com/caselaws?id=391880 The ITAT set aside previous orders in a case concerning the determination of full value of consideration under section 50C of the Act and the valuation of property as of 01-04-1981. The ITAT directed a fresh assessment of capital gain, adopting a specific value per sq.mtr rate for each survey number based on sale instances. It found discrepancies in the DVO's valuation and upheld the appellant's declared value for 01-04-1981, remitting the matter to the AO for reassessment in line with the judgment. en-us Thu, 06 Feb 2020 00:00:00 +0530 Sat, 08 Feb 2020 17:12:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391880 The ITAT set aside previous orders in a case concerning the determination of full value of consideration under section 50C of the Act and the valuation of property as of 01-04-1981. The ITAT directed a fresh assessment of capital gain, adopting a specific value per sq.mtr rate for each survey number based on sale instances. It found discrepancies in the DVO's valuation and upheld the appellant's declared value for 01-04-1981, remitting the matter to the AO for reassessment in line with the judgment. Case-Laws Income Tax Thu, 06 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391880