https://www.taxtmi.com/caselaws?id=408016 The Revenue's appeal challenged the CIT(A)'s decision to condone the delay in filing the appeal by the assessee and consider the property value based on the DVO report. The Tribunal set aside the CIT(A)'s order and directed the Assessing Officer to recompute the long term capital gain using the DVO value, aligning with precedent. The appeal was treated as allowed for statistical purposes, favoring the Revenue and emphasizing adherence to legal principles and precedents. en-us Wed, 28 Apr 2021 00:00:00 +0530 Fri, 28 May 2021 11:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408016 The Revenue's appeal challenged the CIT(A)'s decision to condone the delay in filing the appeal by the assessee and consider the property value based on the DVO report. The Tribunal set aside the CIT(A)'s order and directed the Assessing Officer to recompute the long term capital gain using the DVO value, aligning with precedent. The appeal was treated as allowed for statistical purposes, favoring the Revenue and emphasizing adherence to legal principles and precedents. Case-Laws Income Tax Wed, 28 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408016