https://www.taxtmi.com/caselaws?id=302878 The appeal was partly allowed for statistical purposes, with the issue of addition of long term capital gain under section 50C being restored to the Assessing Officer for further adjudication based on the retrospective application of the relevant provisions. The ITAT Surat held that the amendment to section 50C was retrospective in nature, following decisions of the ITAT Ahmedabad Bench, and directed verification and computation of capital gains based on stamp duty valuation as on the date of the sale agreement. en-us Fri, 10 May 2019 00:00:00 +0530 Thu, 23 Jun 2022 09:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302878 The appeal was partly allowed for statistical purposes, with the issue of addition of long term capital gain under section 50C being restored to the Assessing Officer for further adjudication based on the retrospective application of the relevant provisions. The ITAT Surat held that the amendment to section 50C was retrospective in nature, following decisions of the ITAT Ahmedabad Bench, and directed verification and computation of capital gains based on stamp duty valuation as on the date of the sale agreement. Case-Laws Income Tax Fri, 10 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302878