https://www.taxtmi.com/caselaws?id=395699 The Tribunal upheld the decision of the Commissioner of Income Tax (Appeals) to adopt the guideline value based on the agreement date for computing the assessee's capital gain, dismissing the Revenue's appeal. The Tribunal concluded that the first proviso to Section 50C of the Income Tax Act should be applied retrospectively, clarifying existing legal positions and preventing further disputes. The judgment was pronounced on 27th February 2020 in Chennai. en-us Thu, 27 Feb 2020 00:00:00 +0530 Wed, 03 Jun 2020 11:15:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395699 The Tribunal upheld the decision of the Commissioner of Income Tax (Appeals) to adopt the guideline value based on the agreement date for computing the assessee's capital gain, dismissing the Revenue's appeal. The Tribunal concluded that the first proviso to Section 50C of the Income Tax Act should be applied retrospectively, clarifying existing legal positions and preventing further disputes. The judgment was pronounced on 27th February 2020 in Chennai. Case-Laws Income Tax Thu, 27 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395699