https://www.taxtmi.com/highlights?id=58399 Reopening of assessment - capital gain on sale of property - the revised valuation as so determined in respect of both the properties works out to less than 10% of the actual sale consideration as declared by the assessee and considering the fact that valuation is always a matter of estimation where some degree of difference is bound to occur which even the legislature has lately recognized and has introduced the tolerance limit of 10% which have consistently been held by various Benches as curative in nature, such a difference needs to be ignored and declared sale consideration be accepted. - AT en-us Thu, 17 Jun 2021 14:31:14 +0530 Thu, 17 Jun 2021 14:31:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=58399 Reopening of assessment - capital gain on sale of property - the revised valuation as so determined in respect of both the properties works out to less than 10% of the actual sale consideration as declared by the assessee and considering the fact that valuation is always a matter of estimation where some degree of difference is bound to occur which even the legislature has lately recognized and has introduced the tolerance limit of 10% which have consistently been held by various Benches as curative in nature, such a difference needs to be ignored and declared sale consideration be accepted. - AT Highlights Income Tax Thu, 17 Jun 2021 14:31:14 +0530 https://www.taxtmi.com/highlights?id=58399