https://www.taxtmi.com/caselaws?id=288824 The Tribunal ruled in favor of the assessee in an appeal against the Commissioner of Income Tax (Appeals) order for the assessment year 2011-12. The Tribunal held that since the difference between the declared sale consideration and the Department Valuation Officer's valuation was less than 10%, no addition to the Long Term Capital Gains was justified. The Tribunal directed the Assessing Officer to adopt the actual sale consideration mentioned in the Sale Deed as the fair market value for determining the long-term capital gain, setting aside the Commissioner of Income Tax (Appeals) findings. en-us Fri, 16 Nov 2018 00:00:00 +0530 Wed, 01 Jul 2020 15:19:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288824 The Tribunal ruled in favor of the assessee in an appeal against the Commissioner of Income Tax (Appeals) order for the assessment year 2011-12. The Tribunal held that since the difference between the declared sale consideration and the Department Valuation Officer's valuation was less than 10%, no addition to the Long Term Capital Gains was justified. The Tribunal directed the Assessing Officer to adopt the actual sale consideration mentioned in the Sale Deed as the fair market value for determining the long-term capital gain, setting aside the Commissioner of Income Tax (Appeals) findings. Case-Laws Income Tax Fri, 16 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288824