https://www.taxtmi.com/caselaws?id=407138 The Tribunal dismissed the revenue's appeal and the assessee's Cross Objections, affirming the Commissioner (Appeals)'s decision to delete the additions made under section 50C. The Tribunal emphasized the importance of conducting proper inquiries and physical verification before applying fair market values for capital gain calculations, highlighting the need for evidence to support such additions. en-us Mon, 19 Apr 2021 00:00:00 +0530 Sat, 01 May 2021 09:30:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407138 The Tribunal dismissed the revenue's appeal and the assessee's Cross Objections, affirming the Commissioner (Appeals)'s decision to delete the additions made under section 50C. The Tribunal emphasized the importance of conducting proper inquiries and physical verification before applying fair market values for capital gain calculations, highlighting the need for evidence to support such additions. Case-Laws Income Tax Mon, 19 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407138