https://www.taxtmi.com/caselaws?id=409486 The Tribunal held that the Assessing Officer's adoption of ready reckoner rates and application of Section 45(5A) were incorrect. The agreed consideration in the Joint Development Agreement should be accepted as the full value of consideration for computing capital gains. The Tribunal set aside lower authorities' orders, allowing the appeals of the assessee. The decision in ITA No.427/PUN/2019 was applied to ITA Nos.428 & 429/PUN/2019, resulting in all appeals being allowed. en-us Wed, 07 Jul 2021 00:00:00 +0530 Fri, 09 Jul 2021 09:32:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409486 The Tribunal held that the Assessing Officer's adoption of ready reckoner rates and application of Section 45(5A) were incorrect. The agreed consideration in the Joint Development Agreement should be accepted as the full value of consideration for computing capital gains. The Tribunal set aside lower authorities' orders, allowing the appeals of the assessee. The decision in ITA No.427/PUN/2019 was applied to ITA Nos.428 & 429/PUN/2019, resulting in all appeals being allowed. Case-Laws Income Tax Wed, 07 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409486