https://www.taxtmi.com/caselaws?id=305701 In ITA No.357/Chny/2018, the appellant, a HUF, successfully challenged the valuation of a property for computing long term capital gains. The ITAT accepted the appellant's declared value, noting a permissible 15% variation under section 55A(b)(i). As the difference fell within the limit, no addition was warranted, and the Assessing Officer's valuation was deleted. In WTA No.04/Chny/2018, the Wealth Tax valuation dispute for a rented out property was remanded for re-evaluation to determine if Wealth Tax was applicable. The appellant partially succeeded in this appeal for statistical purposes pending further verification. en-us Thu, 04 Oct 2018 00:00:00 +0530 Tue, 20 Dec 2022 23:11:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305701 In ITA No.357/Chny/2018, the appellant, a HUF, successfully challenged the valuation of a property for computing long term capital gains. The ITAT accepted the appellant's declared value, noting a permissible 15% variation under section 55A(b)(i). As the difference fell within the limit, no addition was warranted, and the Assessing Officer's valuation was deleted. In WTA No.04/Chny/2018, the Wealth Tax valuation dispute for a rented out property was remanded for re-evaluation to determine if Wealth Tax was applicable. The appellant partially succeeded in this appeal for statistical purposes pending further verification. Case-Laws Income Tax Thu, 04 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305701