https://www.taxtmi.com/caselaws?id=394414 The tribunal partly allowed the appeal, directing the Assessing Officer to refer the valuation of the land to the District Valuation Officer based on Section 50C(2) of the Income Tax Act. The tribunal dismissed grounds related to the legality of assessment and classification of land as urban land. Exemptions under Sections 54F and 54EC were upheld, and the addition of Employee's Contribution towards PF/ESIC was reversed. The tribunal's order was pronounced on 29.01.2020. en-us Wed, 29 Jan 2020 00:00:00 +0530 Sat, 11 Apr 2020 10:51:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394414 The tribunal partly allowed the appeal, directing the Assessing Officer to refer the valuation of the land to the District Valuation Officer based on Section 50C(2) of the Income Tax Act. The tribunal dismissed grounds related to the legality of assessment and classification of land as urban land. Exemptions under Sections 54F and 54EC were upheld, and the addition of Employee's Contribution towards PF/ESIC was reversed. The tribunal's order was pronounced on 29.01.2020. Case-Laws Income Tax Wed, 29 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394414