https://www.taxtmi.com/caselaws?id=426538 The Tribunal upheld the CIT(A)'s decision that the assessee transferred only 777.2 sq. meters of land in 2011, rejecting the Revenue's claim of a larger area sold. Capital gains were to be computed based on the stamp duty value of Rs. 1,78,24,707/- with indexation. The Tribunal found no merit in the Revenue's arguments and confirmed the correctness of the CIT(A)'s findings, supported by the documentation provided by the assessee. The appeal delay was excused due to the Covid-19 pandemic. en-us Fri, 15 Jul 2022 00:00:00 +0530 Sat, 20 Aug 2022 08:26:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426538 The Tribunal upheld the CIT(A)'s decision that the assessee transferred only 777.2 sq. meters of land in 2011, rejecting the Revenue's claim of a larger area sold. Capital gains were to be computed based on the stamp duty value of Rs. 1,78,24,707/- with indexation. The Tribunal found no merit in the Revenue's arguments and confirmed the correctness of the CIT(A)'s findings, supported by the documentation provided by the assessee. The appeal delay was excused due to the Covid-19 pandemic. Case-Laws Income Tax Fri, 15 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426538