https://www.taxtmi.com/caselaws?id=421136 The Tribunal dismissed both appeals filed by the assessee, upholding the assessment orders and rejection of the rectification petition. The decision was based on the adoption of the SRO value for determining capital gains and fair market value, supported by the DVO's report. The Tribunal emphasized the importance of complying with procedural requirements and upheld the assessment authorities' reliance on the valuation methods prescribed under section 50C of the Income Tax Act, 1961. en-us Tue, 29 Mar 2022 00:00:00 +0530 Mon, 18 Apr 2022 08:09:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421136 The Tribunal dismissed both appeals filed by the assessee, upholding the assessment orders and rejection of the rectification petition. The decision was based on the adoption of the SRO value for determining capital gains and fair market value, supported by the DVO's report. The Tribunal emphasized the importance of complying with procedural requirements and upheld the assessment authorities' reliance on the valuation methods prescribed under section 50C of the Income Tax Act, 1961. Case-Laws Income Tax Tue, 29 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421136