https://www.taxtmi.com/caselaws?id=429274 The Tribunal allowed the appeal, ruling that the circle rate on the date of the agreement should be used for computing the sale consideration, leading to the deletion of the addition based on the wrong circle rate. The transaction was classified as capital gains, and the claim for set-off of long-term capital loss became irrelevant due to the deletion of the addition. The appeal was allowed in favor of the assessee. en-us Tue, 18 Oct 2022 00:00:00 +0530 Fri, 21 Oct 2022 12:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429274 The Tribunal allowed the appeal, ruling that the circle rate on the date of the agreement should be used for computing the sale consideration, leading to the deletion of the addition based on the wrong circle rate. The transaction was classified as capital gains, and the claim for set-off of long-term capital loss became irrelevant due to the deletion of the addition. The appeal was allowed in favor of the assessee. Case-Laws Income Tax Tue, 18 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429274