https://www.taxtmi.com/caselaws?id=401320 The Tribunal granted condonation of delay in filing the Revenue's appeal due to sufficient cause shown. Regarding the valuation of immovable property for Section 50C purposes, the CIT(A) accepted the assessee's lower valuation based on evidence provided. The CIT(A) also upheld the acceptance of sale consideration by the assessee, dismissing the Revenue's appeal. The assessee's appeal was withdrawn to avail the Vivad Se Vishwas Scheme, leading to its dismissal. Ultimately, both the Revenue's and the assessee's appeals were dismissed by the Tribunal after careful consideration of the issues presented. en-us Wed, 02 Dec 2020 00:00:00 +0530 Fri, 04 Dec 2020 08:04:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401320 The Tribunal granted condonation of delay in filing the Revenue's appeal due to sufficient cause shown. Regarding the valuation of immovable property for Section 50C purposes, the CIT(A) accepted the assessee's lower valuation based on evidence provided. The CIT(A) also upheld the acceptance of sale consideration by the assessee, dismissing the Revenue's appeal. The assessee's appeal was withdrawn to avail the Vivad Se Vishwas Scheme, leading to its dismissal. Ultimately, both the Revenue's and the assessee's appeals were dismissed by the Tribunal after careful consideration of the issues presented. Case-Laws Income Tax Wed, 02 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401320