https://www.taxtmi.com/caselaws?id=442211 The Tribunal dismissed the Revenue's appeal and upheld the CIT(A)'s decision, directing the Assessing Officer to verify if the assessee computed capital gains correctly. If the Fair Market Value at the time of conversion was used as the sale consideration and indexed cost of acquisition was deducted, the addition should be deleted. The judgment was pronounced on August 24, 2023. en-us Thu, 24 Aug 2023 00:00:00 +0530 Sat, 26 Aug 2023 08:22:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442211 The Tribunal dismissed the Revenue's appeal and upheld the CIT(A)'s decision, directing the Assessing Officer to verify if the assessee computed capital gains correctly. If the Fair Market Value at the time of conversion was used as the sale consideration and indexed cost of acquisition was deducted, the addition should be deleted. The judgment was pronounced on August 24, 2023. Case-Laws Income Tax Thu, 24 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442211