https://www.taxtmi.com/caselaws?id=432143 The Tribunal partly allowed the appeal, upholding the validity of the notice under section 148 and the assessment under section 147. The Tribunal confirmed the applicability of section 50C but directed the AO to refer the valuation issue to the DVO for a fair determination of the sale consideration for capital gains tax. The indexed cost of acquisition was also to be considered in the recomputation of capital gains. en-us Wed, 16 Nov 2022 00:00:00 +0530 Wed, 28 Dec 2022 17:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432143 The Tribunal partly allowed the appeal, upholding the validity of the notice under section 148 and the assessment under section 147. The Tribunal confirmed the applicability of section 50C but directed the AO to refer the valuation issue to the DVO for a fair determination of the sale consideration for capital gains tax. The indexed cost of acquisition was also to be considered in the recomputation of capital gains. Case-Laws Income Tax Wed, 16 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432143