https://www.taxtmi.com/caselaws?id=414635 The Tribunal found in favor of the assessee, directing the Assessing Officer to adopt the sale consideration as per the sale agreement for computing long-term capital gains. The Tribunal applied the proviso to Section 50C retrospectively, considering the guideline value as on the date of the agreement. The Tribunal also held that discrepancies in parties between the sale agreement and sale deed did not invalidate the transaction. Consequently, the assessee's appeal was allowed, overturning the additions made by the Assessing Officer and upheld by the CIT(A). en-us Wed, 27 Oct 2021 00:00:00 +0530 Sat, 13 Nov 2021 20:29:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414635 The Tribunal found in favor of the assessee, directing the Assessing Officer to adopt the sale consideration as per the sale agreement for computing long-term capital gains. The Tribunal applied the proviso to Section 50C retrospectively, considering the guideline value as on the date of the agreement. The Tribunal also held that discrepancies in parties between the sale agreement and sale deed did not invalidate the transaction. Consequently, the assessee's appeal was allowed, overturning the additions made by the Assessing Officer and upheld by the CIT(A). Case-Laws Income Tax Wed, 27 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414635