https://www.taxtmi.com/caselaws?id=409354 The tribunal ruled in favor of the assessee on both issues raised in the case. The Principal Commissioner of Income Tax's order under section 263, questioning the admissibility of interest expenses and the valuation of the sale consideration for computing capital gains, was quashed. The tribunal found that the Assessing Officer had appropriately examined the issues, considered relevant evidence, and made justified decisions. Consequently, the appeal of the assessee was allowed, and the tribunal pronounced the order in favor of the assessee on 18-06-2021. en-us Fri, 18 Jun 2021 00:00:00 +0530 Thu, 16 Sep 2021 15:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409354 The tribunal ruled in favor of the assessee on both issues raised in the case. The Principal Commissioner of Income Tax's order under section 263, questioning the admissibility of interest expenses and the valuation of the sale consideration for computing capital gains, was quashed. The tribunal found that the Assessing Officer had appropriately examined the issues, considered relevant evidence, and made justified decisions. Consequently, the appeal of the assessee was allowed, and the tribunal pronounced the order in favor of the assessee on 18-06-2021. Case-Laws Income Tax Fri, 18 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409354