https://www.taxtmi.com/caselaws?id=428737 The tribunal dismissed both the Cross Objection and the Appeal, affirming the decisions made by the CIT(A) regarding the Jantri value, LTCG, and the application of relevant sections of the Income Tax Act. The tribunal upheld the addition made by the Assessing Officer under Section 50C for discrepancies in Jantri value, rejected the challenge to the validity of assessment proceedings under Section 147, and allowed the claim for exemption on LTCG under Section 54. en-us Fri, 07 Oct 2022 00:00:00 +0530 Mon, 10 Oct 2022 10:00:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428737 The tribunal dismissed both the Cross Objection and the Appeal, affirming the decisions made by the CIT(A) regarding the Jantri value, LTCG, and the application of relevant sections of the Income Tax Act. The tribunal upheld the addition made by the Assessing Officer under Section 50C for discrepancies in Jantri value, rejected the challenge to the validity of assessment proceedings under Section 147, and allowed the claim for exemption on LTCG under Section 54. Case-Laws Income Tax Fri, 07 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428737