https://www.taxtmi.com/caselaws?id=294677 In rectification proceedings concerning computation of long-term capital gain, the Tribunal accepted that taxable gain still remained after exemption under section 54, so its earlier observation that no capital gain survived was a mistake apparent from the record. The order was recalled only to that limited extent so the period from which indexation benefit should be allowed could be examined in computing the capital gain. The issue of adopting guideline value under section 50C was not pursued further and was not adjudicated. en-us Fri, 14 Aug 2020 00:00:00 +0530 Tue, 27 Apr 2021 12:14:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294677 In rectification proceedings concerning computation of long-term capital gain, the Tribunal accepted that taxable gain still remained after exemption under section 54, so its earlier observation that no capital gain survived was a mistake apparent from the record. The order was recalled only to that limited extent so the period from which indexation benefit should be allowed could be examined in computing the capital gain. The issue of adopting guideline value under section 50C was not pursued further and was not adjudicated. Case-Laws Income Tax Fri, 14 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294677