https://www.taxtmi.com/caselaws?id=413852 The Tribunal allowed the Assessee's appeal, directing the Assessing Officer to delete the addition made under section 50C of the Income Tax Act. It held that the stamp duty value at the time of the agreement should be considered as the sale consideration for calculating capital gain, emphasizing consistency in treatment for different co-owners of the same property. The decision underscored the importance of fairness and uniformity in tax assessments. en-us Fri, 17 Sep 2021 00:00:00 +0530 Fri, 22 Oct 2021 08:31:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413852 The Tribunal allowed the Assessee's appeal, directing the Assessing Officer to delete the addition made under section 50C of the Income Tax Act. It held that the stamp duty value at the time of the agreement should be considered as the sale consideration for calculating capital gain, emphasizing consistency in treatment for different co-owners of the same property. The decision underscored the importance of fairness and uniformity in tax assessments. Case-Laws Income Tax Fri, 17 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413852