https://www.taxtmi.com/caselaws?id=404449 The Tribunal allowed the appeal, deleting the addition made under Section 50C of the Income Tax Act and ruling in favor of the assessee. Emphasizing consistency and fairness in tax assessments, the Tribunal held that the assessee should receive the same treatment as the co-owner in similar transactions. The importance of treating similar transactions equally was highlighted, and other grounds of appeal were considered academic and not adjudicated. The decision was pronounced on 12th February 2021. en-us Fri, 12 Feb 2021 00:00:00 +0530 Wed, 24 Feb 2021 16:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404449 The Tribunal allowed the appeal, deleting the addition made under Section 50C of the Income Tax Act and ruling in favor of the assessee. Emphasizing consistency and fairness in tax assessments, the Tribunal held that the assessee should receive the same treatment as the co-owner in similar transactions. The importance of treating similar transactions equally was highlighted, and other grounds of appeal were considered academic and not adjudicated. The decision was pronounced on 12th February 2021. Case-Laws Income Tax Fri, 12 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404449