https://www.taxtmi.com/caselaws?id=419178 The Tribunal allowed the appeal against the addition of short term capital gain under section 50C of the Income-tax Act, 1961. The Tribunal applied the third proviso to section 50C(1) retrospectively, noting that the difference between the declared sale consideration and the DVO's valuation fell within the permissible range. Consequently, the addition of Rs. 2,37,400 towards short term capital gain was deleted, and the appeal was allowed. en-us Tue, 22 Feb 2022 00:00:00 +0530 Thu, 03 Mar 2022 15:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419178 The Tribunal allowed the appeal against the addition of short term capital gain under section 50C of the Income-tax Act, 1961. The Tribunal applied the third proviso to section 50C(1) retrospectively, noting that the difference between the declared sale consideration and the DVO's valuation fell within the permissible range. Consequently, the addition of Rs. 2,37,400 towards short term capital gain was deleted, and the appeal was allowed. Case-Laws Income Tax Tue, 22 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419178