https://www.taxtmi.com/caselaws?id=431754 The ITAT upheld the CIT(A)'s decision to delete the addition under section 50C of the Act, amounting to Rs. 85,36,200, based on the 3rd proviso to section 50C(1) where the difference between the guideline value and sale consideration was less than 10%. The ITAT considered the amendment in section 50C(1) as curative and dismissed the Revenue's appeal, citing precedents and holding that no addition should be made in such cases. en-us Fri, 02 Dec 2022 00:00:00 +0530 Tue, 20 Dec 2022 18:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431754 The ITAT upheld the CIT(A)'s decision to delete the addition under section 50C of the Act, amounting to Rs. 85,36,200, based on the 3rd proviso to section 50C(1) where the difference between the guideline value and sale consideration was less than 10%. The ITAT considered the amendment in section 50C(1) as curative and dismissed the Revenue's appeal, citing precedents and holding that no addition should be made in such cases. Case-Laws Income Tax Fri, 02 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431754