https://www.taxtmi.com/caselaws?id=416398 The Tribunal upheld the CIT(A)'s decision to consider the stamp duty valuation on the date of the agreement for the purpose of computing capital gains under section 50C. It found the reopening of the assessment under section 147 to be valid, dismissing both the Revenue's appeal and the assessee's cross-objection. The order was pronounced on 25th November 2021 at Ahmedabad. en-us Thu, 25 Nov 2021 00:00:00 +0530 Tue, 28 Dec 2021 12:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416398 The Tribunal upheld the CIT(A)'s decision to consider the stamp duty valuation on the date of the agreement for the purpose of computing capital gains under section 50C. It found the reopening of the assessment under section 147 to be valid, dismissing both the Revenue's appeal and the assessee's cross-objection. The order was pronounced on 25th November 2021 at Ahmedabad. Case-Laws Income Tax Thu, 25 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416398