https://www.taxtmi.com/caselaws?id=396292 The Tribunal partly allowed the Assessee's appeal by considering the District Valuation Officer's lower valuation for determining the full value of consideration received on property transfer, in compliance with sec.50C(3) of the Income Tax Act, 1961. The Tribunal upheld the validity of the reference to the DVO for property valuation, emphasizing the importance of adhering to statutory provisions and the impact of disputes on stamp duty valuations in the assessment process. The decision underscores the significance of consistent application of the law in tax assessments for accurate computation of capital gains. en-us Fri, 26 Jun 2020 00:00:00 +0530 Mon, 29 Jun 2020 09:59:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396292 The Tribunal partly allowed the Assessee's appeal by considering the District Valuation Officer's lower valuation for determining the full value of consideration received on property transfer, in compliance with sec.50C(3) of the Income Tax Act, 1961. The Tribunal upheld the validity of the reference to the DVO for property valuation, emphasizing the importance of adhering to statutory provisions and the impact of disputes on stamp duty valuations in the assessment process. The decision underscores the significance of consistent application of the law in tax assessments for accurate computation of capital gains. Case-Laws Income Tax Fri, 26 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396292