https://www.taxtmi.com/caselaws?id=430567 The ITAT partly allowed the appeal, ruling in favor of the assessee regarding the retroactive application of the first proviso to section 50C. The ITAT held that the circle rate on the date of the agreement should be considered for computation purposes. However, the addition related to the cost of improvement was confirmed due to insufficient evidence or arguments presented. en-us Mon, 21 Nov 2022 00:00:00 +0530 Tue, 22 Nov 2022 09:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430567 The ITAT partly allowed the appeal, ruling in favor of the assessee regarding the retroactive application of the first proviso to section 50C. The ITAT held that the circle rate on the date of the agreement should be considered for computation purposes. However, the addition related to the cost of improvement was confirmed due to insufficient evidence or arguments presented. Case-Laws Income Tax Mon, 21 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430567