https://www.taxtmi.com/caselaws?id=425074 The Income Tax Appellate Tribunal (ITAT) partially allowed the appeal, remanding the valuation issue to the Assessing Officer for fair market value determination under Section 50C compliance. The ITAT upheld the inclusion of corrected depreciation figures in the total income calculation, dismissing the challenge against the Assessing Officer's treatment of the revised return and computation. en-us Tue, 12 Jul 2022 00:00:00 +0530 Fri, 15 Jul 2022 09:13:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425074 The Income Tax Appellate Tribunal (ITAT) partially allowed the appeal, remanding the valuation issue to the Assessing Officer for fair market value determination under Section 50C compliance. The ITAT upheld the inclusion of corrected depreciation figures in the total income calculation, dismissing the challenge against the Assessing Officer's treatment of the revised return and computation. Case-Laws Income Tax Tue, 12 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425074