https://www.taxtmi.com/caselaws?id=287708 The Tribunal set aside the orders of the Commissioner of Income Tax (Appeals) and deleted the additions made by the Assessing Officer under Section 50C for both assessees. It concluded that valuation for Section 50C purposes should be based on the date of the agreement to sell, provided part consideration was received by account payee cheque or draft before the agreement date. The appeals of both assessees were allowed. en-us Tue, 23 May 2017 00:00:00 +0530 Tue, 28 Apr 2020 22:54:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287708 The Tribunal set aside the orders of the Commissioner of Income Tax (Appeals) and deleted the additions made by the Assessing Officer under Section 50C for both assessees. It concluded that valuation for Section 50C purposes should be based on the date of the agreement to sell, provided part consideration was received by account payee cheque or draft before the agreement date. The appeals of both assessees were allowed. Case-Laws Income Tax Tue, 23 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287708